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
$38.19 |
Change
0.420(1.11%) |
Mkt cap ! $1.071B |
Open | High | Low | Value | Volume |
$38.15 | $38.22 | $38.04 | $141.4K | 3.707K |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 274 | $38.19 |
Sellers (Offers)
Price($) | Vol. | No. |
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$38.22 | 56 | 3 |
View Market Depth
No. | Vol. | Price($) |
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5 | 246 | 38.190 |
1 | 20 | 38.180 |
1 | 168 | 38.170 |
2 | 99 | 38.160 |
2 | 84 | 38.140 |
Price($) | Vol. | No. |
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38.230 | 120 | 6 |
38.240 | 102 | 4 |
38.250 | 83 | 2 |
38.260 | 130 | 1 |
38.270 | 69 | 1 |
Last trade - 11.32am 06/05/2024 (20 minute delay) ? |
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Last
$38.20 |
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Change
0.420 ( 1.07 %) |
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Open | High | Low | Volume | ||
$38.08 | $38.21 | $38.07 | 121133 | ||
Last updated 11.50am 06/05/2024 ? |
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