"SP is up a bit because RBA has begun raising"
Let's have a look at some market stats.
SWF's SP closed last Friday at $0.22.On Monday, the SP opened at $0.22 and closed at $0.215.
On Tuesday, the SP opened at $0.215 and closed at $0.22 after the RBA released its rate rise announcement.
On Wednesday, the SP opened at $0.225 and closed at $0.22.
On Thursday, the SP opened at $0.22. Datt released its statement. The SP closed at $0.25, a rise of three cents, or 13.64%.
Despite a large market-wide fall on Friday (XJO fell more than 2%), SWF's SP closed again at $0.25.
Of course, anybody can claim whatever they like as being the cause of anything. Everybody is entitled to have their own opinions, e.g. the three cent rise could easily have been due to the weather. Whatever people's individual opinions may be, the data shows unambiguously that there is a precise correlation between the release of Datt's statement and the rise of three cents. It is possible that there was a two-day delay before SWF's SP reacted to the RBA announcement, although this would contrast sharply with the XJO falling half a percent within seconds of the RBA announcement. Markets generally react quickly to any news.
People can look at the data and draw their own conclusions.
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"SP is up a bit because RBA has begun raising"Let's have a look...
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