One commentator today said:
The new Chinese regime confirm their hawkish stance and the resources sector doesn't like it. The resources sector is about to break its recent uptrend support suggesting you don't buy anything in the sector yet. The Chinese stock market has also fallen over 7% and looks to have ended the rally that started in November. The iron ore price looks to be peaking, the metal prices have peaked. There's not a lot of love in the sector.
Therefore, recent trading in BCI is probably a sector issue, not stock specific. Dare I suggest buying on weakness?
Ann: Change in substantial holding , page-8
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $692.2M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 24.5¢ | $17.17K | 70.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 820960 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 42884 | 1 |
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| Last trade - 10.00am 23/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |