Syrah Resources Limited (SYR) Dips -1.42% on Dec 26

Date: Dec 27, 2018

Shares of Syrah Resources Limited (ASX:SYR) last traded at 1.39, representing a move of -1.42%, or -0.02 per share, on volume of 923,495 shares. After opening the trading day at 1.425, shares of Syrah Resources Limited traded in a close range. Syrah Resources Limited currently has a total float of 343.60M shares and on average sees 2.64 million shares exchange hands each day. The stock now has a 52-week low of 1.36 and high of 4.95.

This Is Why S&P/ASX 200 Is Up 4.7% For The Year

S&P/ASX 200 is a leading market index that features Australia’s top 200 companies ranked based on market capitalization. Syrah Resources Limited is one of many involved in trades. The index first went online in April of 2,000 after inheriting all the data from All Ordinaries. The index does not have restrictions on the kind of companies that can be listed as long as one meets the minimum eligibility requirements.

ASX 200 Highs and Lows

Since its inception, the index all time high stands at 6828.70 points recorded in November 2007. The index boasts of an all-time low of 1358.50 points registered in November 1992 and inherited from All Ordinaries.

The index currently covers 80% of Australia’s equity market something that has made it a reliable tool for gauging the health of the country’s equity market. ASX 200 is also liquidperfect from addressing all kinds of investment needs for managers who need to diversity in their portfolio. Good liquidity of Syrah Resources Limited attracted traders at the market.

S&P/ ASX 200 is market-capitalization weighted, meaning its rating can only move up or down, based price changes of stocks listed. Weighted points are not in any way affected by changes in market capitalization not tied to stock prices. Unlike other indexes, ASX 200 does to take into consideration-restricted stocks normally issued to strategic investor’s, governments or venture capitalists as these are deemed strategic holdings mostly considered log term investments.

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