ORI 1.36% $17.95 orica limited

jump on now rain on the way...

  1. 1,235 Posts.
    looks like this could be having an effect on the ORI share price

    Rain could be on its way: forecasters
    11:49 AEST Wed Jun 8 2005
    AAP
    It has been a long, long wait, but it may finally rain in south-eastern Australia this weekend.

    Falls of up to 30 millimetres are expected through much of Victoria and south-east NSW.

    Some farmers have already started sowing seeds in anticipation.

    Bureau of Meteorology senior forecaster Scott Williams said rain bands were expected on Friday, with heavier falls on Saturday.

    "The first couple will be fairly light, but Saturday there's an opportunity for some significant falls in the 10-25mm range through much of Victoria and indeed south eastern Australia," he told ABC radio.

    "And I don't think it will necessarily be over then as the low progresses further east.



    "There's a pretty good chance of more follow up rain as we get into early next week."

    Mr Williams said falls of up to 30mm were likely over the ranges but less was expected over the Mallee and Wimmera areas, in north and western Victoria.

    "(30mm) is a possibility but it's probably at the upper end as far as the flatter country is concerned," he said.

    "I think that's fairly likely over the ranges of the north-east (of Victoria) but in terms of the Mallee and the Wimmera, it's not impossible to get totals that high but I'd be punting more like 15 (mm) I think for the event on the Friday and Saturday."

    And he says the rain could represent a change in weather patterns.

    "This could see a change in the weather pattern and we may well get into a more normal winter rainfall pattern through south-eastern Australia after this," he said.

    "Certainly the high pressure that's been dominating to the east of us is going to break down completely over the next week so that could be good news for the latter part of this month as well."
 
watchlist Created with Sketch. Add ORI (ASX) to my watchlist
(20min delay)
Last
$17.95
Change
0.240(1.36%)
Mkt cap ! $8.725B
Open High Low Value Volume
$17.80 $18.03 $17.67 $20.95M 1.168M

Buyers (Bids)

No. Vol. Price($)
3 3827 $17.93
 

Sellers (Offers)

Price($) Vol. No.
$17.96 3139 1
View Market Depth
Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
$17.97
  Change
0.240 ( 1.52 %)
Open High Low Volume
$17.82 $18.02 $17.67 418416
Last updated 15.59pm 06/05/2024 ?
ORI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.