Btw @Moneymaker1979 if you take note of when this took off, the 12th March, it was the day the index rebalances were announced. I might be wrong but it looks a lot like a fund or two were caught off guard and had to buy up their positions after the announcement. These are index funds, they don't buy stocks with a view to profit, they buy them because they are in the index and their funds match the index. So once they've done buying, the bid disappears
Btw @Moneymaker1979 if you take note of when this took off, the...
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16.8¢ |
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| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
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