I did some research and it seems that the dual listing means that there are 2 cohorts of investors. This means that while the fph asx and fph nzx will follow roughly in tandem as both share listings are for the same company and investors will monitor both listings. There will be differences in SP reflecting any differences between the sentiments of the investor cohorts. Also, the Fph asx trades with AUD and the fph nzx trades with NZD so if currency fluctuations will effect the value of the respective SPs. If the NZD decreases in value, then the fph nzx will be higher than fph asx as the underlying intrinsic value of the stock is unchanged. Also, there are different trading times. For example, both fph asx and nzx spiked towards the end of today. Fph nzx stopped trading and Fph asx continued trading and will end at a different value due to trading time differences. That's as much as I know, DYOR.
I did some research and it seems that the dual listing means...
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Last
$34.05 |
Change
0.540(1.61%) |
Mkt cap ! $19.92B | |||
| Open | High | Low | Value | Volume |
| $33.55 | $34.21 | $33.35 | $8.333M | 246.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 439 | $34.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.05 | 440 | 3 |
View Market Depth
| Last trade - 15.28pm 18/11/2024 (20 minute delay) ? |
| FPH (ASX) Chart |