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
$41.59 |
Change
1.040(2.56%) |
Mkt cap ! $1.167B |
Open | High | Low | Value | Volume |
$40.46 | $41.59 | $40.45 | $5.846M | 142.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 475 | $41.50 |
Sellers (Offers)
Price($) | Vol. | No. |
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$42.00 | 966 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 475 | 41.500 |
1 | 546 | 41.280 |
5 | 10533 | 41.110 |
6 | 9177 | 41.010 |
3 | 1013 | 41.000 |
Price($) | Vol. | No. |
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42.000 | 966 | 3 |
42.700 | 150 | 1 |
43.570 | 290 | 1 |
44.740 | 240 | 1 |
0.000 | 0 | 0 |
Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$41.36 |
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Change
1.040 ( 1.99 %) |
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Open | High | Low | Volume | ||
$40.54 | $41.40 | $40.51 | 20125 | ||
Last updated 15.56pm 23/05/2024 ? |
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