for those wondering why all the selling pressure in pdn - its now explained
for those unfamiliar - funds who have to buy stocks based on their % of the asx 200 will have known this rebalance was coming and been selling to lower or remove their holding
this is generally a well know counterintuitive buy signal on stocks - as it frees up natural buyers like energy specialist funds to big up without further churn from large cap funds
it also means pdn should start to have lower correlation to the overall stock market
asx 200 removal - good news
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Last
$9.13 |
Change
-0.070(0.76%) |
Mkt cap ! $2.730B | |||
| Open | High | Low | Value | Volume |
| $9.31 | $9.35 | $9.07 | $21.17M | 2.318M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14 | $9.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.14 | 2442 | 2 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |