Simple more sellers than buyers. And given the market is very heavily influenced by passive index funds, as the share price falls, the index funds (including superannuation large accounts) have to sell to 'match the index movement'. This puts more downward pressure on the share price. Index funds are great support when the share price of a large cap is rising (think CBA), but the reverse is also true when the large cap share price is dropping, ie csl
Hence, whilst I have a small position, I am in no hurry to add to the position.
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