I would say that this week's movement in Aust. Banks, would be a part of the slaughter of SPI 200 futures shorts, who thought the coronavirus in China was a serious financial matter.(which it is.)
Even WBC is moving up.
KSL is too small to be apart of that. However there is a very active market maker, who has been driving the price down fast.
KSL is a big broker in PNG so I presume it is KSL themselves who is the market maker.
If the SP is driven down and the result in a week and a half is good, then that makes a good publicity splash with a solid % upmove.
Or if there is a big sell order on their books, price destruction may be the only way to unload.
The SP is getting destroyed so quickly, that I for one , am waiting for minus $1.00
Unique market depth, page-5
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Last
99.8¢ |
Change
0.003(0.25%) |
Mkt cap ! $285.9M | |||
| Open | High | Low | Value | Volume |
| 99.5¢ | 99.8¢ | 99.5¢ | $15.16K | 15.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3005 | 99.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 21326 | 9 |
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| Last trade - 10.56am 19/08/2024 (20 minute delay) ? |
| KSL (ASX) Chart |