I have noted some of the concerns around the fall in share price this week and thought I'd share some data to hopefully put some fears to rest. So let's look at the data regarding the trading on Monday (-18%~ fall in price).
Time to get the boring stuff out of the way.
Retail were typically net buyers.
- Commsec $1.32 million total volume ($629,468 net buyer);
- CMC Markets $311,462 total volume ($180,854 net buyer);
- NAB $163,166 total volume ($109,751 net buyer).
(There are others but the volume is so small its not worth noting).
Lets more onto something slightly more interesting.
Many of the better known institutional brokers only traded on relatively small volume and were also net buyers. - Credit Suisse $374,334 total volume ($58,105 net buyer);
- Merrill Lynch $36,157 total volume ($8,727 net buyer);
- Morgans $54,134 total volume ($53,884 net buyer);
- Susquehanna $106,545 total volume ($106,545 net buyer);
- UBS $197,129 total volume ($5,793 net buyer);
- Wilsons $57,000 total volume ($57,000 net buyer).
Okay so lets get to the most interesting part.
- FinEx $1.36 million total volume (-$1.13m net seller).
The volume from FinEx alone accounted for just over 23% of the day's total volume. It doesn't appear to be a combined effort to bring the price down. I personally think it may be a large holder looking to reduce their holdings and sell into the news. This has been happening during the month of October as well as FinEx were also the largest net seller at (-$581,900).
