Ignattius
With respect to the ASX 300, which WBT is still included, the index weights for all stocks in the ASX 300 are adjusted based on current market values
So with respect to WBT the index funds who held WBT at the last rebalance date 6 months ago did so on a $3.50 share price
The price is now under $2 and therefore their WBT holding requirements are now some 45% lower
This is likely to release some 4 to 6 mill in shares, which I am sure the shorters will look to take to close out their shorts
It has nothing to do with MSCI which is a different index base
You don't have to be removed from an index to change an index stocks holding amount
The price of the the stock itself will determine the amount required to hold
WBT Chart, page-248
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Last
$1.90 |
Change
0.010(0.53%) |
Mkt cap ! $358.9M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.92 | $1.89 | $51.83K | 27.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11579 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 3702 | 6 |
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| Last trade - 10.57am 17/09/2024 (20 minute delay) ? |
| WBT (ASX) Chart |