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You need to include Chi-x, and after hours trading in a day, you...

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monogram1962

3,740 Posts.

18/01/17

19:23

Post #: 21983000
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Originally posted by Hoyland ↑

8.88M ADR's represent a little more than the total number of ordinary shares on issue. This not only shows very high volatility but also that the US market is now self sustaining. In the early days, the market maker(s) would come to the ASX to purchase any shortfall in US trading. As we only traded 5.64M ordinary shares today, this would suggest that the US market is now almost independent of the ASX. Also, it seems to me that, for the first time. US traders are now willing to play around with the price - a practice well known to us here in Oz.

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You need to include Chi-x, and after hours trading in a day, you will find the amount higher than 5.64m

BLT Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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