I see the share price dip today as completely in line and proportionate to the Rio share price.
Hence, nothing to do with petroleum or dual listing announcements.
Only influence may be that people hung on for an extra few days due to the pending results. Otherwise this is just the same response to the iron ore price pull back and emergent situation in China.
Chart to illustrate for 5 years there has been little deviation in price between Rio and BHP. Despite all the press on blowing up caves, unit cost performance, divestments etc. The main driver continues to be movement in the iron ore price.
I see the share price dip today as completely in line and...
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Last
$42.91 |
Change
-0.150(0.35%) |
Mkt cap ! $217.6B | |||
| Open | High | Low | Value | Volume |
| $43.31 | $43.33 | $42.83 | $238.5M | 5.542M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3226 | $42.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.92 | 9941 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$42.93 |
Change
-0.150 ( 0.31 %) |
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| Open | High | Low | Volume | ||
| $43.29 | $43.33 | $42.84 | 669410 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| BHP (ASX) Chart |