Business
Nuix, Hub24 enter ASX 200: prices on watch
Just 3 months after listing, Nuix Ltd (ASX: NXL) will enter the S&P/ASX 200 Index (ASX: XJO).
After an initial public offering at $5.31 per share, the data analytics provider floated in early December and immediately became a market darling.
It rose as high as $11.86 in January. But it’s since sunk to $5.51 after investors savaged its half-yearly result.
But now that Nuix will join the elite 200 from 22 March, all eyes will be on the share price again. This is because index funds that follow the ASX 200 will be forced to buy into the stock, pushing demand upwards.
The same goes for Hub24 Ltd (ASX: HUB), which was also announced as a new entrant to the ASX 200 this month.
The Hub24 share price has had an up-and-down year but still…
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