Major stock moves expected as index reshuffles hit markets

Major stock moves expected as index reshuffles hit markets
Ebos Group will be added to the ASX 200 as of Monday. (Image: Supplied)
Gregor Thompson
Analysts are anticipating significant volume and volatility to end the week with a cluster of index inclusions and re-weightings.When a company is added to an index, every fund that follows that index must buy the stock to maintain alignment with the new composition.That demand can push the price higher, especially if the stock is not liquid. The opposite happens when a company is removed or its weighting is cut. Ebos Group will be added to the S&P/ASX 200 Index on Monday, coinciding with SkyCity Entertainment's departure from the...

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