Fortescue soars amid China talk
June 11, 2009 - 11:23AM
Fortescue Metals shares jumped almost 20 per cent in early trade amid market talk that Australia's third-largest iron ore producer could be the focus of Chinese bid interest.
Fortescue shares climbed as much as 18.9 per cent to an eight-month high of $4.27 a share.
The stock has soared 52 per cent since Friday, when global miner Rio Tinto scrapped its planned $US19.5 billion tie-up with China's Chinalco, fuelling speculation that China would now look elsewhere to secure iron ore reserves.
Reuters
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$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
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