Golden Deeps Limited (GED) Is Yet to See Trading Action on Dec 16
Date: Dec 17, 2018
Shares of Golden Deeps Limited (ASX:GED) closed at 0.036 yesterday. Golden Deeps Limited currently has a total float of 171.39M shares and on average sees 277,127 shares exchange hands each day. The stock now has a 52-week low of 0.025 and high of 0.084.
Australia: Things You Didn’t Know About S&P/ASX 200 Index
S&P ASX 200 is one of Australia’s oldest and leading market index for stocks. The index contains the country’s top 200 companies ranked by way of float-adjusted market capitalization. The index came into being in the early 2,000’s after replacing the All Ordinaries that was the primary investment benchmark in the 1990’s.
Value Changes
Value changes in the index are measured with respect to changes in stock prices rather than market capitalization as is the case in other global market indexes. What this means is that the index value can only change, depending on stock prices changes rather than market capitalization.
Taking into consideration historical data from when the index operated as ‘All Ordinaries’, ASX 200 boasts of an all-time low of 1,538.50 points, registered in November 1992. The index highest point was recorded in November 2007, having climbed to highs of 6,000, from 3,133.3 points at the time of inception in April 2000.
Investors can still be able to look for data beyond 2000 even though the index came to be in the early 2000’s.
Listing Requirement
All the 200 companies listed in the ASX 200 have their shares listed on the country’s bourse the ASX; considered as one of the main requirements. Another factor that is usually taken into consideration prior to the listing into the index is a stock’s liquidity levels. Golden Deeps Limited has interesting liquidity profile. A company should be liquid enough to support huge volume trades as well as unusual price changes. Golden Deeps Limited has interesting liquidity profile.
While the maximum number of stocks that the index can carry in any given quarter is 200, the same can also be reduced with the exclusions of stocks that do not meet the minimum requirement. The last rebalancing was carried out on September 16, 2016 with the next one slated for December 16, 2016. In the just concluded rebalancing, six companies were dropped paving the way for the inclusion of six others that had met the minimum requirements.
