The trouble at the moment, imo, is that markets are confused and therefore unsure of future directions in the short and medium term. Long term there is no confusion - in the long run markets always rise but funds and institutions also have short and medium term objectives to consider.
Some factors adding to the confusion and worthy of consideration are:
. Inflation - is it or isn't it..? the market isn't sure.
. Monetary policy - will tapering happen..? If so, what time frame - policy makers are giving mixed signals.
. When will crypto currencies be regulated ?
. When will supply chain issues sort out, shipping costs level off..?
. Chinese economy issues.
Until these matters resolve or appear to settle, markets will continue to act like a frightened turtle, skittish and overreacting both to the upside and the down, imo.
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Last
$22.00 |
Change
0.410(1.90%) |
Mkt cap ! $67.73B |
Open | High | Low | Value | Volume |
$21.93 | $22.09 | $21.58 | $138.1M | 6.316M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9247 | $21.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.00 | 3521 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11765 | 21.970 |
2 | 5840 | 21.960 |
2 | 3604 | 21.950 |
3 | 12311 | 21.940 |
2 | 7071 | 21.930 |
Price($) | Vol. | No. |
---|---|---|
22.000 | 3521 | 3 |
22.010 | 280 | 1 |
22.020 | 1416 | 3 |
22.030 | 16800 | 3 |
22.040 | 13370 | 3 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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FMG (ASX) Chart |