That is my point. The NZX opens too late in the day for ATM to provide a positive lead for A2M, so NZX remains disregarded and there is no milk lead from Wellington for A2M trades.
The ASX disregards NZX because of its late start, time in Wellington is now 933am, 27 mins to trade and that means only 2 hours of trade b4 Sydney opens.
In trading terms, insufficient time given the lack of liquidity in the NZX to provide a lead. Perhaps A2M would be better quitting its ATM listing on the NZX. Perhaps Australian pessimism, homicide rates and rates of rapes as cited by Presidential Candidate Cruz below keeps it from moving its whole listing to the ASX although New Zealand has enough sexual violaters as Prime Minister Key has pointed out with his claims that NZ Labor support them, so that is more reason to get rid of the NZX listing see the Radio NZ article.
www.washingtonpost.com/news/fact-checker/wp/2016/01/25/ted-cruzs-claim-that-sexual-assaults-rate-went-up-significantly-after-australian-gun-control-laws/
http://www.dailymail.co.uk/news/art...un-laws-led-increase-rape-sexual-assault.html
http://www.radionz.co.nz/news/political/289358/pm-stands-by-'rapists'-comments
That is my point. The NZX opens too late in the day for ATM to...
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Last
$6.25 |
Change
0.510(8.89%) |
Mkt cap ! $4.525B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.77 | $6.05 | $29.65M | 4.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 152106 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 370 | 1 |
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| Last trade - 11.20am 27/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |