GTR 7.14% 0.8¢ gti energy ltd

Sideways movement in slight positive directionYes GTR finished 1...

  1. 4,036 Posts.
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    Sideways movement in slight positive direction

    Yes GTR finished 1 pip up on 1.4c. Our volume was similar to Friday, around 5.6m shares traded.

    ASX U stocks also made gains. Couple of stocks made some good gains. Of the 19 stocks that I track, average gain was 4.5%. SLX is still marching on. While other stocks have halved in couple of months, SLX has nearly doubled.

    What next -

    On Friday US markets did well to have a gain of around 1%. That provided a positive start similar to what we saw last Monday. But the gains today were not much for most of the stocks. ASX indices aped US indices from Friday and had gains of around 1%.

    So ASX gained around 1% but stocks were subdued, why? One of the main reasons is that we are still in that uncertain zone with fear of recession hanging over the necks. Punters are still not convinced. Volumes are comparatively much lower than average for many stocks. So although many stocks made a very good start in the morning, many gave up the small gains made.

    So what will happen tomorrow? No US markets tonight. So ASX should be sideways tomorrow. It has made the gain of US indices of Friday of 1%, so unlikely we will see another 1% tomorrow. US Future in morning may give some indication, but it will not be conclusive. Today, Asian markets were mixed - with some doing gains and others a loss. ASX was the best performer till now. Europe may provide direction for tomorrow. Also, tomorrow is our rate rise day by RBA at 2pm. Expected rate rise is around 0.5%. If the number is different from expected, we may see swings, otherwise it may not have much impact. Lets hope other markets and other data are positive so that we continue in forward direction, even if its at a snail pace. All the best.
 
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Last
0.8¢
Change
0.001(7.14%)
Mkt cap ! $15.37M
Open High Low Value Volume
0.8¢ 0.8¢ 0.8¢ $188 25K

Buyers (Bids)

No. Vol. Price($)
37 11744464 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 5401119 11
View Market Depth
Last trade - 12.27pm 28/03/2024 (20 minute delay) ?
Last
0.7¢
  Change
0.001 ( 0.00 %)
Open High Low Volume
0.7¢ 0.7¢ 0.7¢ 340000
Last updated 10.48am 28/03/2024 ?
GTR (ASX) Chart
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