HFR 1.79% 27.5¢ highfield resources limited

If I'm correct I think it is because certain funds are...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 33 Posts.
    If I'm correct I think it is because certain funds are restricted to stocks that are in different ASX groups. When Highfield drops from the ASX300, those funds that have a declared strategy of only investing in stocks in this group are forced to rebalance their portfolios. I don't know why the 19th is the magic date.
 
watchlist Created with Sketch. Add HFR (ASX) to my watchlist
(20min delay)
Last
27.5¢
Change
-0.005(1.79%)
Mkt cap ! $113.7M
Open High Low Value Volume
27.0¢ 27.5¢ 27.0¢ $34.24K 126.0K

Buyers (Bids)

No. Vol. Price($)
1 83581 27.5¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 13149 1
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
HFR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.