@tomboy
You write as though FMG is being targeted and attacked.
Global miners (examples BHP, RIO, FMG) all move in response to global markets, and perceptions of the demand for their products. Global markets, imo notably include the DOW and S&P and in the environment of the current rates tightening cycle, perceptions of when inflation will be controlled and interest rates might be eased.
The following chart likely shows rising inflation fears with a currently rising oil price is cooling share markets, so it would be no mystery to me to see the share prices of global miners (and other sectors) under pressure for maybe 2-3 weeks to get passed the next US Fed rates decision in early September.
Dex
@tomboyYou write as though FMG is being targeted and...
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |