There seems to be a lot of arbitrage trading going on here, I think the traders know people will be taking this opportunity to sell SYA shares so they can lodge the loss to offset against this years (and future) profits, they will then be looking to buy back straight away.
They can pick up a quick 3% profit doing this and they will take this profit any day of the week.
There will also be cross trades by brokers for their customers, this is why you see the mid sale amounts occurring, these are all crosst trade buys, allowing the customr to buy back at the lowest price differential.
So I dont think anything drastic is going to occur for the rest of June, after the EOFY then hopefully things will start to normalise.
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.4¢ | $166.1K | 4.823M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 3783780 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 13375397 | 56 |
View Market Depth
| Last trade - 11.54am 14/11/2024 (20 minute delay) ? |
| SYA (ASX) Chart |