Im a holder of NWS and have been a little disappointed with the recent softness in the share price expecially given the strength of the ASX. Im a bit baffled as to which market drives the price. Generally if the US has a strong day, the NWS in aussie with gap up & obviously vice versa. This would lead me to believe that the NWS in the ASX is merely a mirror of the US market price adjusted for currency movement. But this view would mean suggestions such as the inclusion in ASX indicies will support/drive up demand because of the need for local managers to buy the stock is false as this is happening locally & not in the US. NWS was down 0.39c last night & therefore one would assume this would mean a price sub $28 in Aus on Monday. I currently see strong support for NWS at $28 so this is the test. Should the price close below $28 I reckon my original proposition seems to hold. Should NWS hold at $28 - well then I reckon other forces are at play & will restore my hope that the AUS market is having some say in NWS fortunes.
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Last
$41.58 |
Change
0.880(2.16%) |
Mkt cap ! $1.169B |
Open | High | Low | Value | Volume |
$41.10 | $41.66 | $41.00 | $1.706M | 41.26K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 18 | $41.60 |
Sellers (Offers)
Price($) | Vol. | No. |
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$41.62 | 25 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 39 | 41.570 |
2 | 32 | 41.560 |
4 | 67 | 41.540 |
1 | 15 | 41.530 |
1 | 69 | 41.520 |
Price($) | Vol. | No. |
---|---|---|
41.590 | 18 | 4 |
41.600 | 18 | 3 |
41.610 | 28 | 2 |
41.620 | 20 | 1 |
41.630 | 74 | 4 |
Last trade - 14.21pm 27/05/2024 (20 minute delay) ? |
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Last
$41.58 |
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Change
0.880 ( 2.19 %) |
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Open | High | Low | Volume | ||
$41.19 | $41.65 | $41.14 | 1626 | ||
Last updated 14.43pm 27/05/2024 ? |
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