Thanks @seagull
Could you please elaborate as to how Credit Suisse being on the ASX securites lending register impacts AGY share price to this extent?
This extract of short positions was from ASX March 16.
Apart from the obvious impact on the market as a whole, in what way does their position as a Securities Lender cause such a big drop?? Something to do with short selling of AGY and covering etc, but I can't quite get my head around it.
Thanks if you can help me understand this situation better.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 12 Column 13 Column 14 0 ASX Code Company Name Product/ Class ISIN Reported Gross Outstanding Borrowed Stock (volume) Reported Gross Outstanding Borrowed Stock (value) Reported Net Outstanding Borrowed Stock (volume) Reported Net Outstanding Borrowed Stock (value) Daily Turnover (value) Reported Net Outstanding Borrowed Stock (value) as a % of Daily Turnover (value) Preceding Quarter-end stock committed to Lending Arrangements (value) Reported Net Outstanding Borrowed Stock (value) as a % of Preceding Quarter-end stock Committed to Lending Arrangements Market Capitalisation (value) Reported Net Outstanding Borrowed Stock (value) as a % of Market Capitalisation 1 2 AGY ARGOSY MINERALS LIMITED FPO AU000000AGY0 28,251,334 16,103,260.38 22,596,211 12,879,840.27 3,118,821.00 412.97% 31,942,935.09 40.32% 800,512,273.86 1.61%
