Nasdaq-100 to undergo a special rebalance

News Image

MG News | July 24, 2023 at 10:22 AM GMT+05:00

0:00

July 24, 2023 (MLN): Nasdaq-100 Index (NDX) will undergo a Special Rebalance effective prior to the market opening on Monday, July 24, 2023, as Nasdaq announced earlier in the month.

As described in the published index methodology, a Special Rebalance may be conducted to address overconcentration in the index by redistributing the weights.

The Special Rebalance will not result in the removal or addition of any securities.

The top 10 Nasdaq stocks have soared so much this year that they’ve dominated the market.

They make up 62% of the whole index, which is an all-time high.

The rebalance will bring it down to 50%.

What is NASDAQ

The Nasdaq-100 index tracks the 100 largest non-financial stocks on the Nasdaq stock exchange. The index consists mainly of technology stocks, but a few other sectors are represented.

So far this year, the Nasdaq-100 has surged over 42%, far outpacing the 17% gain of the S&P 500, the stock market's typical benchmark.

However, this rally has presented a bit of an issue, causing Nasdaq to announce it would implement a "Special Rebalance" to the Nasdaq-100 index.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 19, 2025 at 04:28 PM GMT+05:00

4.7m families get BISP aid in Punjab


July 19, 2025 at 03:00 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 19, 2025 at 02:49 PM GMT+05:00

RDA attracts $182m in June


July 19, 2025 at 02:49 PM GMT+05:00

M2 falls by Rs455bn in a week



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg