There is significant disinvestment occurring across a range of funds in North America. The US retail investors have withdrawn funds for 21 weeks straight with total withdrawals of around $US70 billion. Fund cash levels are very low at about 3.5% so withdrawals can mean share sales.
The aggressive nature of the selling - driving the price vertically down to $A2.57 - was indicative of "get me some cash".
If it was news driven this type of selling would have "charge me with insider trading" written on the contract notes.
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Last
$2.52 |
Change
0.010(0.40%) |
Mkt cap ! $3.488B |
Open | High | Low | Value | Volume |
$2.50 | $2.56 | $2.49 | $5.146M | 2.031M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
62 | 209891 | $2.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.53 | 162097 | 57 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
57 | 207423 | 2.520 |
25 | 201224 | 2.510 |
21 | 138834 | 2.500 |
15 | 335539 | 2.490 |
10 | 105083 | 2.480 |
Price($) | Vol. | No. |
---|---|---|
2.530 | 150759 | 54 |
2.540 | 164937 | 29 |
2.550 | 346499 | 20 |
2.560 | 168806 | 17 |
2.570 | 72118 | 13 |
Last trade - 15.39pm 03/09/2024 (20 minute delay) ? |
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