"CMC Markets strategist Michael McCarthy said there could be more pain as the bad news sinks in.
"It's nasty. Orica shares had been holding up reasonably well despite the downturn in the mining services sector but today all the chickens seemed to come home to roost," Mr McCarthy said.
"Not only did we have big writedowns but we've also got a miss on earnings and a very disappointing outlook.
"Given the way that up until now Orica's earnings had appeared to defy gravity, it's come as quite a shock to the market."
http://www.dailytelegraph.com.au/bu...ance-by-10-15-pc/story-fni0xqe3-1227473713712
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Last
$19.23 |
Change
0.170(0.89%) |
Mkt cap ! $9.271B | |||
| Open | High | Low | Value | Volume |
| $19.07 | $19.25 | $19.03 | $2.966M | 154.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1061 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.23 | 714 | 16 |
View Market Depth
| Last trade - 12.03pm 17/06/2025 (20 minute delay) ? |
| ORI (ASX) Chart |