In today’s briefing:
- Weekly Wrap – 15 Jul 2022
- ASX200 Index Rebalance: West African Resources (WAF) In; Uniti Group (UWL) Out
Weekly Wrap – 15 Jul 2022
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
- Yankuang Energy Group
- Powerlong Real Estate Holdings
- Sawit Sumbermas Sarana
- Vedanta Resources
- Tata Motors Ltd
and more…
ASX200 Index Rebalance: West African Resources (WAF) In; Uniti Group (UWL) Out
- West African Resources (WAF AU) will replace Uniti Group Ltd (UWL AU) in the S&P/ASX 200 (AS51 INDEX) at the close of trading on 21 July.
- We estimate passive trackers will need to sell 45.3m shares (A$226m; 10.2 days of ADV) on Uniti Group Ltd (UWL AU) at the close on 21 July.
- With over 10 days of ADV to buy from passive trackers and only 4 days to implementation, West African Resources (WAF AU) could outperform its peers till 21 July.
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