Has the below happened yet??? Could also explain downward pressure if funds are re-weighting out of Senex.
"The companies dumped from the ASX 200 in the latest reshuffle include struggling mining services group Bradken, which pulled out of a merger with a Chilean counterpart last month.
Engineering group UGL, oil and gas company Senex Energy, and Kathmandu have also fallen from the index. Shares in the outdoorwear retailer have slumped to a three-year low in recent months on the back of falling sales and a weaker outlook."
SXY Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held