I have been waiting for some comments. I think they are a quite a guess. Here's my guess.
a. the discount rate effect would apply to all shares
b. the relief from the virus would allow more use of your cars, i.e. more usage and consumption more replacement parts etc., more cash flow for ARB
c. AUD up against USD = not that good if trend continues
d. guessing some sector rotation, ARB has run quite a bit in recent months, i.e. money wants to flow into stocks that have some catch up to do.
e. this today is just an outlier and means nothing (i.e. nice words for not quite getting it)
On a different aspect:
trades seem to be REALLY small when I look on course of trades at Commsec. Can small trades smash the price around that much (minus 14% at the lowest)?
I was tempted to buy more in the $28 range: 5 on offer, 10 on offer or 89 shares on offer, 1 on offer. What sort of market is this???
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Last
$41.42 |
Change
-0.080(0.19%) |
Mkt cap ! $3.437B |
Open | High | Low | Value | Volume |
$40.92 | $41.68 | $40.82 | $5.592M | 135.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 441 | $41.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.44 | 386 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 145 | 40.950 |
1 | 124 | 40.460 |
1 | 650 | 40.100 |
3 | 275 | 40.000 |
2 | 351 | 39.800 |
Price($) | Vol. | No. |
---|---|---|
42.000 | 130 | 1 |
42.100 | 1786 | 1 |
42.650 | 420 | 1 |
44.500 | 112 | 1 |
44.580 | 22 | 1 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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ARB (ASX) Chart |