Bassari Resources Ltd. (BSR) Is Yet to See Trading Action on Aug 23

August 23, 2017 - By Marguerite Chambers

Shares of Bassari Resources Ltd. (ASX:BSR) closed at 0.017 yesterday. Bassari Resources Ltd. currently has a total float of 1.80 billion shares and on average sees 972,368 shares exchange hands each day. The stock now has a 52-week low of 0.01 and high of 0.05.

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. Bassari Resources Ltd. 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 Bassari Resources Ltd. 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.

Listing Requirements

Companies that would wish to be listed in the index must first have their shares listed on the country’s national bourse, the ASX. Liquidity of a stock is another factor that is usually taken into consideration prior to a company being listed. The index also ensures that no single company dominates trading.

Rebalancing of the index usually takes place every three months in a bid to ensure that all the stocks listed meet the minimum requirement. In the just concluded rebalancing carried out on September 16, 2016, six companies were dropped and consequently replaced by six others that had met the minimum requirement.

The index rebalancing is normally carried out by a five-panel ‘index committee’ with the next one slated for December 16, 2016. While rebalancing can reduce the number of stocks listed, the committee cannot list more than 200 companies. Fortunately, Bassari Resources Ltd. is one of them.

Some of the sectors that feature prominently in the index include utilities, financials, and Healthcare. Financials account for a huge chunk of the index’s total weighted points, at 40% with the second one accounting for less than 20%. The index total equity capitalization on the other hand accounts for 80% of Australian Securities Exchange total capitalization.

ASX 200 Performance

The S&P ASX 200 is currently up by 4.7% for the year as institutional and retail investors continue to scramble for positions in some of the companies with solid growth prospects. Strong corporate governance is one of the reasons that most investors are showing strong interest in the country’s top tier companies most of which are listed in the ASX 200.

Australia also boasts of one of the lowest interest rate environment in the developed world seen as a key drawer of investments from investors abroad. Companies like Bassari Resources Ltd. are the safe haven for many.

Another recent and important Bassari Resources Ltd. (ASX:BSR) news was published by Marketwatch.com which published an article titled: “0.44” on November 22, 2013.

Bassari Resources Limited is an Australia company, which is engaged in mineral exploration within Senegal, West Africa. The company has market cap of $32.61 million. The Company’s principal activities are to develop the Makabingui Gold Project, which is located within the Sambarabougou permit and to further progress exploration and resource definition within over three contiguous permit areas, Moura, Sambarabougou and Bounsankoba, located in Senegal in order to identify mineral deposits for exploitation. It currently has negative earnings. The Firm is focused on discovering and developing gold resources in the Birimian Gold Belt in south eastern Senegal.