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
$39.07 |
Change
0.485(1.26%) |
Mkt cap ! $1.094B |
Open | High | Low | Value | Volume |
$38.94 | $39.18 | $38.91 | $2.188M | 56.08K |
Buyers (Bids)
No. | Vol. | Price($) |
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10 | 76 | $39.06 |
Sellers (Offers)
Price($) | Vol. | No. |
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$39.07 | 5 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 163 | 39.060 |
5 | 99 | 39.050 |
3 | 85 | 39.040 |
1 | 70 | 39.030 |
1 | 72 | 39.020 |
Price($) | Vol. | No. |
---|---|---|
39.080 | 168 | 15 |
39.090 | 199 | 11 |
39.100 | 118 | 7 |
39.110 | 51 | 5 |
39.120 | 69 | 1 |
Last trade - 15.22pm 13/05/2024 (20 minute delay) ? |
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Last
$39.06 |
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Change
0.485 ( 1.45 %) |
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Open | High | Low | Volume | ||
$38.96 | $39.17 | $38.92 | 5815 | ||
Last updated 15.40pm 13/05/2024 ? |
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Neil Goodman, MD
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