Some think that RMS inclusion in asx 200 is a good thing but I'm not so sure.
The asx 200 is often traded as a weighted group which means in a crash RMS will follow the crowd reguarless of market sentiment for RMS as an individual stock.
Different companies will give RMS weighting and when they sell it may or maynot have the same weighting if they decide to reinclude RMS as part of a mixed bag of stock.
S&P is influential to the market perception of RMS.
RMS inclusion in the S&P will be disreguared by the market if RMS performs very badly in a correction. This could see RMS excluded by managed investments.
In a correction selling down by fund managers who trade the S@P could see RMS share price get hammered. Stop losses would be triggered, short selling and RMS oversold.
In other words I am saying the S&P could drag RMS down to lower levels and create a forced sell off in a large
correction.
s&p asx 200 negative for rms
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$1.96 |
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| Open | High | Low | Value | Volume |
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| $1.97 | 265057 | 9 |
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