Business
Why the Nuix (ASX:NXL) share price is surging higher today
The Nuix Ltd (ASX: NXL) share price has started the week in sensational form.
In afternoon trade, the investigative analytics and intelligence software provider’s shares are up 7% to $5.89.
However, despite this strong gain, the Nuix share price is still down 50% from its 52-week high.
Why is the Nuix share price surging higher today?
Investors have been scrambling to buy Nuix shares today after it was named as one of six new additions to the S&P/ASX 200 Index (ASX: XJO) at the next quarterly rebalance.
According to S&P Dow Jones Indices, Nuix will join the illustrious index on 22 March along with Codan Limited (ASX: CDA), Champion Iron Ltd (ASX: CIA), Hub24 Ltd (ASX: HUB), Nickel Mines Ltd (ASX: NIC), and Pilbara Minerals Ltd
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