Why NST is up 7% whilst RMS/SLR/WGX etc are down >4% and NCM is flat, it's because of our old friends at Market Vectors.
The junior golds index which is tracked by the GDXJ ETF has change its composition rules such that
Companies ranking between 60% and 98% (currently: between 80% and 98%) of the full market capitalisation qualify for inclusion in the MVIS Global Junior Gold Miners Index (Ticker: MVGDXJ, MVGDXJTR).In other words, looks like NST will get added to the GDXJ, whilst room will have to be made for it (and lots of others) by all the existing components of the ETF, such as RMS/SLR/WGX etc.
Probably makes sense because the ETF had got to the point where it was owning >10% of the companies that were part of the index - that's too much.
If you were wondering...
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Last
$16.59 |
Change
-0.920(5.25%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.00 | $16.11 | $109.2M | 6.624M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13548 | $16.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.60 | 5973 | 6 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
