centro properties sales growth quickens to 7pc, page-48

Apples,

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?