In today’s briefing:
- Sigma Healthcare (SIG AU): Next Round of Passive Buying Around the Corner
Sigma Healthcare (SIG AU): Next Round of Passive Buying Around the Corner
- There was big passive buying in Sigma Healthcare (SIG AU) in March from S&P/ASX trackers following the completion of the merger with Chemist Warehouse Group.
- Sigma Healthcare (SIG AU) should be added to a global index in May and those passive trackers will have a lot of stock to buy.
- While there will be positioning in the stock, it appears lighter than the estimated passive buying. Shorts are being covered and that could provide a boost.
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