It's being hammered because the institutions are selling it to raise cash to take part in the IAG capital raising. It's a phenomenon that has played out over and over in the last few weeks - when one company goes into a trading halt to raise capital, the other companies in its sector take a pounding because the instos are shuffling cash to buy the new opportunity. Nothing specifically to do with QBE IMO.
great expectations, page-16
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 (20min delay)
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Last
$16.31 |
Change
0.160(0.99%) |
Mkt cap ! $24.50B | |||
| Open | High | Low | Value | Volume |
| $16.14 | $16.45 | $16.01 | $75.46M | 4.621M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7022 | $16.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.33 | 4688 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |