If the institution is a fund that tracks the asx 200 then they will rebalance their portfolio to reflect the that. So, they will exit their position if a company is kicked out from the asx 200. That is why you see massive volume on 15th of September as all the index funds close out their holding in imu
Why IMU is a multi multi bagger, page-16920
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Last
4.5¢ |
Change
0.002(4.65%) |
Mkt cap ! $334.7M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.5¢ | 4.3¢ | $732.0K | 16.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1799587 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 1003772 | 13 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |