In today’s briefing:
- MVIS Australia A-REITs Index Rebalance Preview: Abacus Group Could Be Deleted
- MVIS Australia Equal Weight Index Rebalance Preview: Potential Deletes & Capping Increase Turnover
MVIS Australia A-REITs Index Rebalance Preview: Abacus Group Could Be Deleted
- The review period for the September rebalance ended yesterday. There could be one deletion from the index and a bunch of capping changes.
- The index changes will lead to a one-way turnover of 3.4% resulting in a one-way trade of A$21m. There are two stocks with over A$5m to trade.
- Short interest has increased on a few REITs recently while decreasing on most of the other names.
MVIS Australia Equal Weight Index Rebalance Preview: Potential Deletes & Capping Increase Turnover
- JB Hi-Fi Ltd (JBH AU) and Charter Hall (CHC AU) could be deleted as the lowest ranked current index constituents.
- There are three other stocks that are close to the deletion threshold and a change in the free float could result in the stocks being deleted.
- Short interest has been increasing on JB Hi-Fi Ltd (JBH AU), Charter Hall (CHC AU) and Lendlease Group (LLC AU) and could be partially driven by potential index deletions.
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