I have rebalanced the index today, something I had intended to do every quarter, however, with everything else, that doesn't seem possible. From a starting point of 10,000, the index is now down to 8,464, or from a market capitalisation of $1.85B to $1.68B.
That represents a decline of around 15%, while at the same time the ASX200 has sat around flat (depending on the day you choose to review it).
Of interest is that the mix of industries is slowly changing due to the rise and fall of share prices of the individual share prices and the removal of two companies (WAG-unknown and GHT-bought out). The Solar sector has grown the most, but that is probably an abberation caused by the share prices of SLX, the indexes biggest single company, and that was caused by a development in their nuclear fuel refining technology - the developments in their solar business has had limited impact on the share price, and that may be good or bad, since the news was either good or bad - the offshoring of cell production in Silex Solar and the development of projects in Solar systems.
The current breakdown of the sector is shown below. I have not added any companies into the index as I haven't seen any new listings, but always on the lookout!!
That represents a decline of around 15%, while at the same time the ASX200 has sat around flat (depending on the day you choose to review it).
Of interest is that the mix of industries is slowly changing due to the rise and fall of share prices of the individual share prices and the removal of two companies (WAG-unknown and GHT-bought out). The Solar sector has grown the most, but that is probably an abberation caused by the share prices of SLX, the indexes biggest single company, and that was caused by a development in their nuclear fuel refining technology - the developments in their solar business has had limited impact on the share price, and that may be good or bad, since the news was either good or bad - the offshoring of cell production in Silex Solar and the development of projects in Solar systems.
The current breakdown of the sector is shown below. I have not added any companies into the index as I haven't seen any new listings, but always on the lookout!!
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