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
$41.92 |
Change
-0.500(1.18%) |
Mkt cap ! $1.187B |
Open | High | Low | Value | Volume |
$42.11 | $42.16 | $41.86 | $1.761M | 41.92K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 488 | $41.92 |
Sellers (Offers)
Price($) | Vol. | No. |
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$42.00 | 296 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 13 | 40.700 |
1 | 300 | 37.900 |
1 | 30 | 36.340 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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42.850 | 145 | 1 |
43.000 | 700 | 1 |
43.140 | 256 | 1 |
44.000 | 135 | 1 |
44.740 | 240 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$41.90 |
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Change
-0.500 ( 1.16 %) |
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Open | High | Low | Volume | ||
$42.10 | $42.14 | $41.86 | 1847 | ||
Last updated 15.59pm 14/06/2024 ? |
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