Pro Medicus jumps 5.4% ahead of S&P/ASX 50 exit
Pro Medicus Ltd is coming off a solid week, with shares closing Friday at A$172.80, up A$5.19. Investors are looking at the company after its exclusion from the S&P/ASX 50. Turnover jumped, sending a clearer signal. Passive funds that track indexes might sell when a stock drops out. Pro Medicus traded higher despite heavy volume, which points to buyers taking on a chunk of the shares for sale. It's not clear from Friday's trading how much more selling could hit on Monday.