LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Lake Shore Gold added to S&P/TSX indices

[Majormac79]

 

2014-09-12 20:25 ET - Miscellaneous

 

S&P Dow Jones Canadian index services have made changes in the S&P/TSX Canadian indices, effective after the close of trading on Friday, Sept. 19, 2014.

Changes to the S&P/TSX Composite Index will also affect the S&P/TSX Capped Composite and Equal Weight Composite indices. Stocks added to or removed from the S&P/TSX Composite Index will also be added to or removed from the appropriate global industry classification standard (GICS) sector index.

 

  S&P/TSX GLOBAL GOLD INDEX ADDITION Issue name Symbol Exchange Lake Shore Gold Corp. LSG Toronto Stock Exchange 

 

 

  S&P/TSX GLOBAL MINING INDEX ADDITION Issue name Symbol Exchange Lake Shore Gold LSG Toronto Stock Exchange 

[TraderRookie]

Sorry to ask this question as i am not aware of this...Can anyone please explain how will the addition of LSG to TSX composite index have any impact on stock price?? As per my knowledge, its just an addition of one symbol to the TSX...How will it have any impact on stock price?? Kindly explain....

[HARJAY]

Don't know if this answeres your question but it might give some in sight in sight. Hope it helps. Index Fund Buying Many mutual funds and exchange-traded funds (ETFs) are based on various stock indices. When an index is rebalanced, the funds must sell the deleted stocks and buy the added ones in their portfolios. Fund buying often causes short-term volume and price spikes in the newly

[Allthewaydown]

Good answer from Harjay. In addition, the addition of a stock to the index greatly raises its profile and credibility. You do not add a stock to the index that you expect to flame out. Rather, you add stocks that represent stability and growth potential within the sector. Anyone who does not know about the company takes a look when it is added to the index, since its inclusion represents an

[sens93]

This is a great description.  Think of it this way, The ishares gold fund tracks the TSX global gold index.  So now ishares will need to start a purchase into LSG.  Their fund is rouglhy $600M, so even a 1% weight would mean roughly 6 millions hares to be bought.  I know that BMO, TD etc usually have their gold funds linked as well with the SP index............

[TraderRookie]

Thanks to everyone who answered to my query...