As I posted earlier, the underwriters of the DRP will be selling now. George Kanaan of UBS also mentioned this on lateline last night: http://www.abc.net.au/lateline/business/items/200811/s2422303.htm
Also today we had New Westpac Shares issued to SGB holders commence trading on ASX on a deferred settlement basis, WBCN. Sure to be a few of them want out at the earliest chance.
Likely to be institutions who want more WBC just sign up to DRP and dont buy on market during this time, no shortage of sellers.
hits 4 year low, page-54
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Last
$27.90 |
Change
0.270(0.98%) |
Mkt cap ! $96.71B | |||
| Open | High | Low | Value | Volume |
| $27.75 | $27.99 | $27.72 | $120.4M | 4.318M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5892 | $27.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.92 | 21812 | 7 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |