AustraliaDaily Briefs

Daily Brief Australia: Genesis Minerals and more

In today’s briefing:

  • Australia: S&P/ASX, REMX, GDXJ, MVA, MVW & Other Index Flows on Friday


Australia: S&P/ASX, REMX, GDXJ, MVA, MVW & Other Index Flows on Friday

By Brian Freitas

  • Changes to the S&P/ASX indices, REMX US, GDXJ US, MVA AU, MVW AU and other indices will be implemented at the close on Friday.
  • There is over +/-A$5m to trade or +/-3x ADV to trade on nearly 100 stocks and will be a huge volume day for the stocks at the close.
  • Use the volume on the buy and sell side to increase/reduce positions especially on the deletes where there will be liquidity to cover shorts on stocks that have dropped significantly.

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