In today’s briefing:
- MVIS Australia Equal Weight Index Rebalance Preview: Deletes, Close Deletes, Capping Changes
- MVIS Australia A-REITs Index Rebalance Preview: One Delete, One Close Delete & Capping
MVIS Australia Equal Weight Index Rebalance Preview: Deletes, Close Deletes, Capping Changes
- There could be two deletes for the index in September. There are two other stocks that are close to the deletion threshold.
- Even if there are no constituent changes, there will be capping changes that will result in one-way turnover of around 2.7% and a one-way trade of A$51m.
- Short interest has been increasing on Charter Hall (CHC AU) and JB Hi-Fi Ltd (JBH AU) and could be partially driven by potential index deletions.
MVIS Australia A-REITs Index Rebalance Preview: One Delete, One Close Delete & Capping
- There should be one deletion from the index in September. And there could be another deletion. And there will be capping changes for a few stocks.
- The index changes will lead to a one-way turnover of 2.12% resulting in a one-way trade of A$13m. There is only one stock with over A$5m to trade.
- Following the spinoff, Abacus Group (ABG AU) and Abacus Storage King (ASK AU) will be the lowest ranked index constituents and at risk of deletion from the index.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
