Anyone care to speculate on the impact of upcoming ASX300 rebalance in March?
Give Talga is now sitting near the bottom of the all ords (ie ~490th of 500) removal from the ASX300 seems like a certainty.
A few heavily shorted stocks that have had huge falls in the last year seem to be getting a bounce from this in last few days (CXO, SYA, SYR, CHN and a few others) as index fund lenders presumably recalling the borrowed shares. All with a higher % of shorts than Talga though.
Talga might get a short term bounce if some borrowed shares are recalled, followed by impact of index funds selling after that.
If shorts drop in the next 2 weeks this will likely be the explanation (unless the court wakes up of course)
TLG - Media, page-14929
Add TLG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $160.7M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 36.8¢ | $134.7K | 361.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 47087 | 1 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |