The rules don't come in to effect until 17 June - however the market must have been preempting scaling back of the existing weightings.
Changing from 80%-98% to 60%-98% does not affect qualification of smaller caps - it only means larger market caps will now qualify e.g. the top 8 world gold stocks by MC make up approx. 60% of the total combined MC and would now be excluded whereas previously the top 20 making up 80% were excluded. The net affect is about 12 additional stocks qualify. The cut-off is effectively raised from US$1.5b to US$7.5b. NST and EVN would now qualify which makes sense considering the size of the fund.
The 98% rule hasn't changed - e.g. the top 90 stocks still make up 98% of the market by MC.
Small caps still have to get over the "Index Universe" hurdles in terms of liquidity. DCN and GOR would be marginal.
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$15.16 |
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Mkt cap ! $17.42B |
Open | High | Low | Value | Volume |
$15.05 | $15.38 | $15.05 | $77.42M | 5.098M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | $15.15 |
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Price($) | Vol. | No. |
---|---|---|
$15.16 | 11017 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 15.150 |
1 | 15000 | 15.130 |
2 | 15658 | 15.120 |
1 | 15000 | 15.110 |
3 | 22782 | 15.100 |
Price($) | Vol. | No. |
---|---|---|
15.160 | 11017 | 2 |
15.170 | 5401 | 2 |
15.180 | 61710 | 5 |
15.190 | 25364 | 4 |
15.200 | 17772 | 3 |
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