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7.14%

11.3¢ core lithium ltd

I understand what State Street does and how custodians work. Bit...

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PH441324

1,337 Posts.

143

20/10/22

09:59

Post #: 64293379
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Originally posted by tutor: ↑

State Street is a large custody bank. That means they hold stocks on behalf of institutional investors. They also run a large index equity business, so that means they hold all the stocks in the index, in large size. Part of the benefit of this is they (and their institutional clients) make stock available to other people by lending it out. Some of the lending is for market makers to provide liquidity in the stock, some of the lending is to hedge funds looking to short the stock. Sec lending activities give rise to changes in Relevant Interests, as do inflows/outflows in the underlying index accounts. There's really very little to learn from State Street's changes in substantial interests (as opposed to changes arising from corporate owners/insiders).

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I understand what State Street does and how custodians work. Bit of a coincidence that they've gone substantial on 4 lithium stocks o the same day though? Let's wait and see.

CXO Price at posting: $1.38 Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 11.3¢		Change 0.008(7.14%)		Mkt cap ! $246.4M

Open	High	Low	Value	Volume
11.0¢	11.5¢	11.0¢	$519.6K	4.556M

Buyers (Bids)

No.	Vol.	Price($)
41	3043859	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	1986771	20

View Market Depth

No.	Vol.	Price($)
41	3043859	0.110
116	7126891	0.105
166	10142611	0.100
11	471655	0.099
8	76096	0.098

Price($)	Vol.	No.
0.115	1979771	19
0.120	3595040	54
0.125	3845910	47
0.130	5017019	45
0.135	3191648	36

Last trade - 11.37am 21/10/2024 (20 minute delay)

CXO (ASX) Chart

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