Date: Dec 21, 2018
Shares of TNG Limited (ASX:TNG) closed at 0.115 yesterday. TNG Limited currently has a total float of 963.47M shares and on average sees 874,669 shares exchange hands each day. The stock now has a 52-week low of 0.082 and high of 0.22.
Australia: Things You Didn’t Know About S&P/ASX 200 Index
S&P ASX 200 is one of Australia’s oldest and leading market index for stocks. The index contains the country’s top 200 companies ranked by way of float-adjusted market capitalization. The index came into being in the early 2,000’s after replacing the All Ordinaries that was the primary investment benchmark in the 1990’s.
Value Changes
Value changes in the index are measured with respect to changes in stock prices rather than market capitalization as is the case in other global market indexes. What this means is that the index value can only change, depending on stock prices changes rather than market capitalization.
Taking into consideration historical data from when the index operated as ‘All Ordinaries’, ASX 200 boasts of an all-time low of 1,538.50 points, registered in November 1992. The index highest point was recorded in November 2007, having climbed to highs of 6,000, from 3,133.3 points at the time of inception in April 2000.
Investors can still be able to look for data beyond 2000 even though the index came to be in the early 2000’s.
