This would explain why there is so much dumping of great stocks like these in our market..
Why global shorters are trashing Australian shares
Last night's big fall on global sharemarkets and the further decline in oil prices means that international hedge funds will achieved a killing on the Australian sharemarket.
2016 has opened with a massive volley of international shorting of Australian shares and the currency because we are seen as a China proxy.
It's a lot safer to short the Australian market and those institutions which hold our shares on behalf of their super members are only too happy to lend that stock to the shorters, for which they get a fee, even though it decimates the asset value of their members.
Get ready for the crazy drops of the overnight markets !, page-29
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Last
$1.52 |
Change
-0.010(0.66%) |
Mkt cap ! $4.875B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.54 | $1.48 | $58.09M | 38.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 83749 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 191497 | 9 |
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| Last trade - 16.17pm 04/07/2025 (20 minute delay) ? |
| PLS (ASX) Chart |