My guess: inflation lower therefore interest rates may go down, therefore A$ went weaker, therefore foreigners/speculators sold ASX index to avoid forex losses.
Makes perfect sense, except that WPL profits should improve with weaker A$, so us local holders got to buy improved profits for less. Bargain!
1st quarter report - Tue 19, page-62
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Last
$24.93 |
Change
-0.470(1.85%) |
Mkt cap ! $47.33B | |||
| Open | High | Low | Value | Volume |
| $25.19 | $25.31 | $24.93 | $177.5M | 7.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 48759 | $24.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.00 | 105906 | 3 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |