I don't think its based on US interest rates per say. Its more to do with it being a consumer retail business.
Consumer retail hasn't done well since the new covid wave has hit. I believe the feeling is that people are not going to shops so sales will be down and a worry that things could get worse i.e. more restrictions or people reduce shopping habits even more.
I think US interest rate issue has just created a negative sentiment in the market in general currently or a risk off approach.
Looking at Fridays move in particular, the drop from 2.89 to 2.83 happened after 4.00PM so isn't backed up by volume at this stage.
I don't think its based on US interest rates per say. Its more...
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Last
74.0¢ |
Change
0.005(0.68%) |
Mkt cap ! $46.07M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 74.0¢ | 72.0¢ | $26.56K | 36.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10518 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 6368 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
73.0¢ |
Change
0.005 ( 0.69 %) |
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| Open | High | Low | Volume | ||
| 73.0¢ | 74.0¢ | 72.0¢ | 22335 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| DSK (ASX) Chart |