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
$38.61 |
Change
1.295(3.47%) |
Mkt cap ! $1.083B |
Open | High | Low | Value | Volume |
$38.57 | $38.84 | $38.52 | $8.207M | 213.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 143 | $38.60 |
Sellers (Offers)
Price($) | Vol. | No. |
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$38.61 | 232 | 7 |
View Market Depth
No. | Vol. | Price($) |
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10 | 620 | 38.590 |
4 | 177 | 38.580 |
2 | 72 | 38.570 |
1 | 15 | 38.560 |
2 | 236 | 38.540 |
Price($) | Vol. | No. |
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38.600 | 26 | 2 |
38.610 | 67 | 5 |
38.620 | 136 | 5 |
38.630 | 3 | 1 |
38.670 | 21 | 1 |
Last trade - 11.53am 10/05/2024 (20 minute delay) ? |
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Last
$38.62 |
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Change
1.295 ( 3.80 %) |
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Open | High | Low | Volume | ||
$38.65 | $38.76 | $38.54 | 4383 | ||
Last updated 12.12pm 10/05/2024 ? |
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