AustraliaDaily Briefs

Daily Brief Australia: Abacus Storage King and more

In today’s briefing:

  • MVIS Australia A-REITs Index Rebalance Preview: ASK Looks Like a Delete


MVIS Australia A-REITs Index Rebalance Preview: ASK Looks Like a Delete

By Brian Freitas

  • The review period for the March rebalance ends in a couple of weeks. 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 2.2% resulting in a one-way trade of A$13m. There are two stocks with over A$3m to trade.
  • With market participants expecting lower interest rates, there has been short covering on a lot of the REITs in the last few months.

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