There were 4 companies besides WBT added to the MSCI Aust Index : ARU, SLX, STX, TIE (fact).
All exhibited the same huge volume action in the post trade market (fact, check the trading graphs).
Therefore I conclude (IMO) that the action is index related, and WBT is not a special case. Futher, I assume (IMO) certain brokers have been accumulating positions in these shares in anticipation of demand from funds at the point they are added to the index.
Broker makes a margin, and high volume of shares available to funds where they are able and need to acquire index included shares.
IMO works for everyone, explains the volume, and who would have high holdings to transfer to acquiring funds.
Running discussion on SP, page-1745
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Last
$2.28 |
Change
-0.020(0.87%) |
Mkt cap ! $430.0M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.36 | $2.28 | $1.102M | 479.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5889 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 8509 | 2 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$2.32 |
Change
-0.020 ( 0.50 %) |
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| Open | High | Low | Volume | ||
| $2.33 | $2.36 | $2.30 | 40955 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| WBT (ASX) Chart |