Im a holder of NWS and have been a little disappointed with the recent softness in the share price expecially given the strength of the ASX. Im a bit baffled as to which market drives the price. Generally if the US has a strong day, the NWS in aussie with gap up & obviously vice versa. This would lead me to believe that the NWS in the ASX is merely a mirror of the US market price adjusted for currency movement. But this view would mean suggestions such as the inclusion in ASX indicies will support/drive up demand because of the need for local managers to buy the stock is false as this is happening locally & not in the US. NWS was down 0.39c last night & therefore one would assume this would mean a price sub $28 in Aus on Monday. I currently see strong support for NWS at $28 so this is the test. Should the price close below $28 I reckon my original proposition seems to hold. Should NWS hold at $28 - well then I reckon other forces are at play & will restore my hope that the AUS market is having some say in NWS fortunes.
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Last
$41.49 |
Change
-0.060(0.14%) |
Mkt cap ! $1.174B |
Open | High | Low | Value | Volume |
$41.57 | $41.57 | $41.27 | $5.079M | 122.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 96 | $41.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.50 | 6500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1528 | 41.400 |
1 | 199 | 41.380 |
1 | 219 | 41.340 |
1 | 13 | 40.700 |
1 | 300 | 37.900 |
Price($) | Vol. | No. |
---|---|---|
41.500 | 6500 | 2 |
41.510 | 3600 | 1 |
41.540 | 2000 | 1 |
41.590 | 199 | 1 |
41.610 | 219 | 1 |
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