Well I couldn’t tell you with any certainty but recently we have seen record highs across the market so to have a pullback fits the charts and the health of the market.
But add in a bit of recession gossip and an impending conflict with Iran and it’s easy to see some hesitancy to sink capital into the stock market. Don’t blame them.
IMO there are some big caps at extremely inviting levels therefore they may soak up some investing capital with investors looking to minimize risk and I’ve followed that route. So the spec end of the market may see a little less volume with folks looking for safer havens.
But honestly, I wouldn’t be using IMU as any guide into market conditions, it doesn’t trade in accordance with the market. Kind of a renegade.
Sorry I couldn’t help you, hope the others can.
Cheers.
IMUGENE CHART. TA only, page-33876
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Last
5.1¢ |
Change
-0.002(3.77%) |
Mkt cap ! $379.2M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.3¢ | 5.1¢ | $1.015M | 19.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 7835902 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 11705865 | 9 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| IMU (ASX) Chart |