There are 22.5m DR's outstanding. The sponsoring broker can shunt stock from one exchange to the other overnight, takes longer for the rest of us plebs.
Whether the volume overnight equates to upside pressure in the Aussie market is totally dependent on how well bedded down the deposit receipts are and how much is churn. Under an approval scenario my expectation would be MESO will be the leader rather than the follower.
MESO watch and banter, page-68
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Last
94.5¢ |
Change
0.020(2.16%) |
Mkt cap ! $1.084B | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 96.8¢ | 93.5¢ | $4.007M | 4.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 28056 | 94.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.0¢ | 63978 | 17 |
View Market Depth
| Last trade - 15.58pm 09/08/2024 (20 minute delay) ? |
| MSB (ASX) Chart |