NZX outlines indices changes
Sharemarket operator NZX Ltd has released the details of proposed changes to the way it releases information about its indices.The NZX Indices Review, released today, proposes changes to free float extensions, liquidity criteria, fast track index addition
Sharemarket operator NZX Ltd has released the details of proposed changes to the way it releases information about its indices.
The NZX Indices Review, released today, proposes changes to free float extensions, liquidity criteria, fast track index additions and NZX-50 price floor requirements, following a controversy involving membership of its NZX-50 index.
In February Allied Farmers' share price rose then fell when subscribers to an NZX subscriber-only information service were told the company would be in the NZX-50 then advised that it would not be. NZX was criticised for not releasing the information to all investors at the same time.
The NZX review document is available on the NZX website. Submissions close on June 4 and NZX intends to release the outcome of the review on June 25.
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