Probably ML/BOA
From the announcement to the ASX they bought heavily on each of the 5 days between 17/1 and 21/1 when the stock rallied.
Date Net purchases Closing price
17/1 334,317 2.14
18/1 260,020 2.22
19/1 882,454 2.19
20/1 736,886 2.29
21/1 292,739 2.23
On 20/1 volume was 1.1M of which ML/BOA's purchase was 67%
On 19/1 volume was 1.2M of which ML/BOA's purchase was 73%
It turns out ML/BOA has been propping up the market at high levels
They are not buying and selling to themselves.
It's nominee accounts viz individuals and family offices who are buying and selling under the ML/BOA umbrella
So who's been selling to ML/BOA in such large volumes?
Probably ML/BOAFrom the announcement to the ASX they bought...
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Last
$1.35 |
Change
0.060(4.65%) |
Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.36 | $1.30 | $900.7K | 678.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2877 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2963 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |