London, England -- (SBWIRE) -- 04/14/2011 -- Financial spread betting and CFD trading market update for 5th April 2011 from City Index (http://www.cityindex.co.uk/).
Apple is one of the organisations that are to feel the effect of a 'special rebalance' announced by Nasdaq OMX today (April 5th).
The trading platform revealed that the move was to bring in line the weights of index securities with their actual market capitalisations.
Bloomberg noted that the stock of Apple has nearly rallied by threefold over the past two years, while its market capitalisation had dropped from $334.5 billion (£207.5 billion) on February 16th to $314.3 billion.
Apple's representation of the Nadaq-100 Index will be slashed from 20.49 per cent to 12.33 per cent, with the changes expected to come into effect from May 2nd.
"The special rebalance reflects our commitment to ensure the Nasdaq-100 Index remains a relevant benchmark for investors around the world who track the performance of the US equity market," explained executive vice-president of the Nasdaq OMX Global Index Group John Jacobs.
Yesterday, the share prices of Apple dropped by 0.98 per cent, a decline of more than three points.
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