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)
Anyone care to speculate on the impact of upcoming ASX300...
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Last
44.5¢ |
Change
-0.025(5.32%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 50.0¢ | 44.0¢ | $558.2K | 1.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 71999 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 694 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| TLG (ASX) Chart |