The economist's answer to your question would go something like this:- Since stock markets are forward looking (typically 12 months in advance), a share price that appreciates over time represents the market's reflection of optimism in the form of higher earnings over the next 6 to 12 months.
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 (20min delay)
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Last
$50.76 |
Change
0.400(0.79%) |
Mkt cap ! $20.49B | |||
| Open | High | Low | Value | Volume |
| $50.55 | $50.84 | $50.47 | $661.2K | 13.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26 | $50.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $50.79 | 63 | 2 |
View Market Depth
| Last trade - 10.16am 15/07/2025 (20 minute delay) ? |
| SGH (ASX) Chart |