Nanosonics Limited (NAN) Jumped 1.95% on Jun 15

June 15, 2018 - By Stephen Andrade

Shares of Nanosonics Limited (ASX:NAN) last traded at 3.13, representing a move of 1.95%, or 0.06 per share, on volume of 304,085 shares. After opening the trading day at 3.09, shares of Nanosonics Limited traded in a close range. Nanosonics Limited currently has a total float of 299.34M shares and on average sees 1.32 million shares exchange hands each day. The stock now has a 52-week low of 2.15 and high of 3.19.

Why More Investors Are Looking Into S&P/ASX 200 Stocks

Australia takes pride with good corporate governance, which is why it is one of Asia’s fastest growing economies today. A nation’s good corporate governance improves its growth potentials as it lures domestic and foreign investors alike to bank on its equity market. CG Watch, which publishes ranks top Asian markets in terms of corporate governance biannually, has included Australia in its recent list.

The Australian Equity Market

Nanosonics Limited is traded on the The Australian Securities Exchange (ASX) one of the biggest stock exchanges in Asia. And Nanosonics Limited also included in its list. As of May 2014, over 2,000 companies are listed on the ASX, boasting with a total market capitalization of almost A$2 trillion.

One of the benchmark indices in Australia is the S&P/ASX 200, which tracks as much as 200 most actively traded stocks on the ASX.

The S&P/ASX 200

The S&P/ASX 200 carries on from All Ordinaries, which was formed in January 1980 to serve as the main Australian benchmark index, when it was established in April 2000. It had started at 3,133.30 points.

Continuing from the history of All Ordinaries, the S&P/ASX 200 had hit its all-time low of 1,358.50 points in November 1992. Eventually, it was able to recover, hitting its all-time high of 6,828.70 points during the same month in 2007. In February of that year, the S&P/ASX 200 had first reached the 6,000 mark. Investors had flocked the ASX that time, seeking for safe-haven assets in preparation for the Global Financial Crisis of 2008 amid early signs pointing out to its onslaught. Australia have always boasted with a compelling borrowing environment, which is why investors have always relied to its economy for valuable investment growth.

The S&P/ASX 200 is rebalanced quarterly by a panel of five members, the Index Committee. The review happens on the 16th of every quarter-end month— March, June, September, and December. Up to 200 companies make up the S&P/ASX, depending on their liquidity, market capitalization, and other factors. Nanosonics Limited liquidity gives it an ability to perform the obligations with ease.

The S&P/ASX 200 is a free-float market-capitalization-weighted index, which means that stocks are evaluated based on their respective market capitalizations with respect to their share prices. Given this, stocks held by venture capitalists and the government are excluded since they are not often traded on the ASX.

When the components of the S&P/ASX 200 were last reviewed on September 16, six stocks had been removed while six new stocks had been included. Roughly 40% of the index is composed of the financial sector.

The S&P/ASX 200 represents about 80% of the total market valuation on the ASX, which is why it is an important indicator of the Australian economy. Similarly, it has a huge impact on the entire Asian economy.

Investors can surely benefit from the low interest rates and a healthy equity market in Australia. Nanosonics Limited has relatively good liquidity. That being said, investing in ASX stocks is highly recommended for those who are seeking higher near-term and long-term returns alike. Investors prefer the companies like Nanosonics Limited where they can easily see its liquidity ratio.

More notable recent Nanosonics Limited (ASX:NAN) news were published by: Fool.com.Au which released: “These are the 10 most shorted shares on the ASX” on June 11, 2018, also Fool.com.Au with their article: “Why these 4 ASX shares are ending the week with a bang” published on June 08, 2018, Fool.com.Au published: “Here are the 10 most shorted shares on the ASX” on May 27, 2018. More interesting news about Nanosonics Limited (ASX:NAN) were released by: Fool.com.Au and their article: “Why it’s important to stay in your circle of competence” published on May 25, 2018 as well as Fool.com.Au‘s news article titled: “ALL ORDINARIES finishes lower Friday: 8 shares you missed” with publication date: May 25, 2018.

Nanosonics Limited, together with its subsidiaries, engages in the research, development, and commercialization of infection control and decontamination products and related technologies. The company has market cap of $936.92 million. The firm makes and distributes the trophon EPR ultrasound probe disinfector and its associated consumables and accessories for use in the treatment of healthcare acquired infections. It has a 149.05 P/E ratio. It also offers trophon consumables, such as Sonex/Nanonebulant, a proprietary disinfectant liquid with hydrogen peroxide chemistry; chemical indicators; and trophon printer rolls.

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