Fortescue comments on rise in share price
11:15, Thursday, 22 March 2007
Sydney - Thursday - March 22: (RWE Australian Business News) -
Fortescue Metals Group Ltd (ASX code: FMG) today said there were a
number of "general reasons" that might be contributing to an overall
increase in buying interest toward Fortescue stock.
They were:
1. A number of key market forecasters have made an upward
revision of their projected iron ore prices for the 2008/09 year.
2. Fortescue was recently included in the mid-cap FTSE All World
Index and this may have led to an increase in buying interest as index
funds seek to secure a shareholding to match their index weighting.
3. Fortescue believes that along with a general upwards
re-rating of the iron ore sector, there also appears to be a re-rating
of its own stock as the company implements its Pilbara Iron Ore and
Infrastructure Project.
Shares in Fortescue rose 25c to $22.65 this morning.
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Last
$17.12 |
Change
0.110(0.65%) |
Mkt cap ! $53.17B |
Open | High | Low | Value | Volume |
$17.22 | $17.37 | $17.11 | $52.49M | 3.041M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 22885 | $17.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.12 | 4201 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 3507 | 17.110 |
25 | 36496 | 17.100 |
12 | 9653 | 17.090 |
14 | 14593 | 17.080 |
13 | 10916 | 17.070 |
Price($) | Vol. | No. |
---|---|---|
17.120 | 3272 | 16 |
17.130 | 9669 | 17 |
17.140 | 7831 | 14 |
17.150 | 8562 | 16 |
17.160 | 7588 | 10 |
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