Broker data for MTS - day of announcement.
Top buyers: - Virtu ITG: $4.23M
- Merrill Lynch: $1.29M
Top sellers:- Macquarie Securities: -$2.21M
- Morgan Stanley Securities: -$1.52M
- Shaw and Partners: -$1.40M
- Commonwealth Securities: -$1.01M
Retail investors (CommSec) are selling. This is a positive indicator for me as professionals are buying from retail.
Here's accumulation/distribution chart for retail investors (combined 4 brokers including CommSec).This is the sort of thing that I like and search for in medium to long-term investments - basically here retail investors were buying for the major part of the past year and now we see a pivot from buying to selling. Meaning that professional investors as a group now buy more than they sell.
Very positive indicator that professional investors started to see more value here.
(20min delay)