Hi, I don't have access to specific figures, but I suspect that small/micro caps have been doing quite well overall since the beginning of August. It is also interesting to note that this increase of share prices have been done in significant volumes. 3 examples on Friday : - Sky Networks : + 10.8 % on Friday and + 24.4 % on 5 days, - Paladin Energy : +23.8 % on Friday and + 56 % on 5 days, - Cettire : + 22.4 % on Friday and + 28.3 % on 5 days. Of course, there is a story behind each of this stock to explain such a rebound (in large volumes).
Just trying to find reasons why small caps have been doing well : - overall, the reporting season has been quite good for small/mid caps and has shown the low valuation for a lot of them, - there is also probably a return of risk appetite overall in the market, illustrated by the weakness of USD, - lastly, I wonder if the large pool of dividends announced for FY 21 is partly reinvested in small caps rather than going back to the large caps which have generated this level of dividend.
