It may be just the increased threat of inflation and interest rates moving higher in the USA that was in the news yesterday. Anything that has US exposure gets hit really hard as traders panic to reduce risk or to take profits. It doesn't seem to matter if the company has little debt and is making mega bucks. It also may be as you have said if Iron Ore futures show a 7% drop they are assuming steel prices will do the same.
I'm happy as long as this level of profit keeps rolling in as long as possible.
It may be just the increased threat of inflation and interest...
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Last
$21.40 |
Change
0.180(0.85%) |
Mkt cap ! $9.417B | |||
| Open | High | Low | Value | Volume |
| $20.85 | $21.40 | $20.85 | $54.61M | 2.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6131 | $21.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.40 | 15849 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BSL (ASX) Chart |