of course it will, a lot of that is still the arbitrage trade. It’ll be 1% before you know it or less. Whatever Rio is at, Bhp will probably settle around there. This is 0 impact on the share price anyway given why it occurred.
Fund managers are relentlessly buying given the outperformance compared to RIO. I suspect this is still because they are underweight BHP compared to its 11% odd index weighting on the ASX. Albeit iron ore is booming, but Rio should perform better normally with that.
Ann: Unification scheme of arrangement becomes effective, page-28
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Last
$43.34 |
Change
0.020(0.05%) |
Mkt cap ! $219.8B | |||
| Open | High | Low | Value | Volume |
| $42.88 | $43.34 | $42.67 | $330.0M | 7.648M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2028 | $43.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.35 | 15288 | 7 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |