Im a holder of NWS and have been a little disappointed with the recent softness in the share price expecially given the strength of the ASX. Im a bit baffled as to which market drives the price. Generally if the US has a strong day, the NWS in aussie with gap up & obviously vice versa. This would lead me to believe that the NWS in the ASX is merely a mirror of the US market price adjusted for currency movement. But this view would mean suggestions such as the inclusion in ASX indicies will support/drive up demand because of the need for local managers to buy the stock is false as this is happening locally & not in the US. NWS was down 0.39c last night & therefore one would assume this would mean a price sub $28 in Aus on Monday. I currently see strong support for NWS at $28 so this is the test. Should the price close below $28 I reckon my original proposition seems to hold. Should NWS hold at $28 - well then I reckon other forces are at play & will restore my hope that the AUS market is having some say in NWS fortunes.
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Last
$41.91 |
Change
0.010(0.02%) |
Mkt cap ! $1.176B |
Open | High | Low | Value | Volume |
$41.76 | $42.10 | $41.74 | $2.872M | 68.52K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 3763 | $41.88 |
Sellers (Offers)
Price($) | Vol. | No. |
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$42.01 | 423 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 3600 | 41.880 |
1 | 480 | 41.860 |
1 | 333 | 41.800 |
1 | 13 | 40.700 |
1 | 300 | 37.900 |
Price($) | Vol. | No. |
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42.010 | 333 | 1 |
42.260 | 3600 | 1 |
42.290 | 511 | 1 |
43.000 | 700 | 1 |
43.140 | 256 | 1 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$41.92 |
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Change
0.010 ( 0.01 %) |
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Open | High | Low | Volume | ||
$41.79 | $42.07 | $41.79 | 4728 | ||
Last updated 15.59pm 04/06/2024 ? |
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