I was looking at this too. For interest here is a comparison between WPL stock price and Brent Crude expressed in $AUD.
Can only think that the market is putting a much higher discount rate (risk premium?) on future earnings today than in the past.
WPL@$30, page-4713
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Last
$27.04 |
Change
-0.380(1.39%) |
Mkt cap ! $51.58B | |||
| Open | High | Low | Value | Volume |
| $26.80 | $27.27 | $26.80 | $105.9M | 3.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1222 | $27.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.05 | 9509 | 43 |
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| Last trade - 15.56pm 28/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |