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
$40.70 |
Change
-0.890(2.14%) |
Mkt cap ! $1.142B |
Open | High | Low | Value | Volume |
$40.22 | $40.82 | $40.22 | $6.630M | 163.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 123 | $40.61 |
Sellers (Offers)
Price($) | Vol. | No. |
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$40.72 | 148 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 554 | 40.600 |
1 | 1584 | 40.580 |
1 | 900 | 40.430 |
1 | 270 | 37.010 |
1 | 200 | 36.800 |
Price($) | Vol. | No. |
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40.760 | 1584 | 1 |
40.830 | 554 | 1 |
41.000 | 300 | 1 |
42.000 | 966 | 3 |
42.700 | 150 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$40.68 |
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Change
-0.890 ( 1.68 %) |
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Open | High | Low | Volume | ||
$40.29 | $40.81 | $40.26 | 4835 | ||
Last updated 15.59pm 24/05/2024 ? |
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