Nasdaq-100 to undergo a special rebalance

News Image

By MG News | Category Global Business | 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 121,641.00
407.56M
-0.13%
-157.87
ALLSHR 75,951.71
854.04M
-0.10%
-76.82
KSE30 36,827.89
67.82M
-0.42%
-156.03
KMI30 181,199.42
117.76M
-0.38%
-696.40
KMIALLSHR 52,088.08
592.55M
-0.27%
-143.41
BKTi 29,808.04
22.21M
-0.83%
-249.97
OGTi 27,075.99
4.68M
-0.75%
-203.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,060.00 105,945.00
101,390.00
2845.00
2.78%
BRENT CRUDE 66.65 66.67
64.80
1.31
2.00%
RICHARDS BAY COAL MONTHLY 90.00 90.75
90.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 101.80 102.40
101.00
1.25
1.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.77 64.80
62.82
1.40
2.21%
SUGAR #11 WORLD 16.51 16.59
16.32
-0.06
-0.36%

Chart of the Day


Latest News
June 05, 2025 at 10:09 PM GMT+05:00

Trump, Xi speak on trade, agree to ongoing talks


June 05, 2025 at 09:29 PM GMT+05:00

SBP revises regulations to support SMEs



Top 5 things to watch in this week

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