Here's the data since 1st May 2008 showing the top 6 brokerage houses who traded CNP to Friday last week. (Thanks to some help cutting, pasting and formatting)
Broker
Buy Volume
Sell Volume
Net Volume
ComSec
116,981,193
109,731,478
7,249,715
Etrade
36,804,974
32,920,361
3,884,613
Westpac
33,355,645
30,669,002
2,686,643
ForCle
16,396,427
16,396,640
-213
AeqSec
14,171,002
14,354,816
-183,814
AusInv
9,923,055
10,041,266
-118,211
AusInv handles trades for a number of clients, including NAB.
Total volume traded during this period was 290m shares and these 6 brokers account for almost 230m of buys.
You'll see that Australia's top 3 retail brokers (Comsec, etrade and Westpac) accounted for 187m of the shares bought, yet the net position across them only increased by about 14m.
The remaining 61 brokers who traded CNP during the period, including all of the major instos account for only 60m shares in total, and no single one of them did more than 6.8m.
CNP has about 845m shares on issue.
If you don't see extensive day-trading, what do you see?
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
