Fortescue comments on rise in share price
11:15, Thursday, 22 March 2007
Sydney - Thursday - March 22: (RWE Australian Business News) -
Fortescue Metals Group Ltd (ASX code: FMG) today said there were a
number of "general reasons" that might be contributing to an overall
increase in buying interest toward Fortescue stock.
They were:
1. A number of key market forecasters have made an upward
revision of their projected iron ore prices for the 2008/09 year.
2. Fortescue was recently included in the mid-cap FTSE All World
Index and this may have led to an increase in buying interest as index
funds seek to secure a shareholding to match their index weighting.
3. Fortescue believes that along with a general upwards
re-rating of the iron ore sector, there also appears to be a re-rating
of its own stock as the company implements its Pilbara Iron Ore and
Infrastructure Project.
Shares in Fortescue rose 25c to $22.65 this morning.
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Last
$17.23 |
Change
0.220(1.29%) |
Mkt cap ! $53.17B |
Open | High | Low | Value | Volume |
$17.22 | $17.37 | $17.17 | $36.73M | 2.125M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 4204 | $17.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.23 | 914 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1640 | 17.230 |
18 | 10663 | 17.220 |
10 | 8085 | 17.210 |
11 | 7666 | 17.200 |
10 | 8686 | 17.190 |
Price($) | Vol. | No. |
---|---|---|
17.240 | 1968 | 8 |
17.250 | 5429 | 10 |
17.260 | 9934 | 17 |
17.270 | 5713 | 8 |
17.280 | 9062 | 10 |
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