The addition to the MSCI GLOBAL SMALL CAP INDEX is very good news for ASM. I'm not sure which ETFs and Funds track this index, but I think is safe to presume that there will be quite a few out there since this is a Global Index.
I've noticed that Vanguard MSCI Australian Small Companies Index ETF does not hold ASM, yet they hold Resolute Mining which will be removed from the Global Index. I wonder if that means they will have to follow suit also.
They are also holding Lynas and Iluka so that's encouraging. Regardless, the addition to the Global Small Cap Index will most certainly increase the buying pressure, even if it's a small percentage from all of them. Small percentage multiplied by a large number of funds = price pressure.
Should be a very rewarding end of the year for the A-Team!!!
The addition to the MSCI GLOBAL SMALL CAP INDEX is very good...
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Last
94.0¢ |
Change
0.070(8.05%) |
Mkt cap ! $170.2M | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 94.5¢ | 88.0¢ | $301.7K | 328.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.5¢ | 3999 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ASM (ASX) Chart |