FMG 0.18% $21.63 fortescue ltd

IO price is up. As predicted earlier, IO inventories picked up...

  1. rvm
    992 Posts.
    IO price is up. As predicted earlier, IO inventories picked up after holidays. Historically, IO prices have always picked up in October in China. Further, reforms were announced in China in housing market, shorting in Chinese exchange has been regulated, leveraging has been reduced, automated trading has been curbed, companies involved in shorting and promotion of 'bad news' have been fined, FMG acquisition rumors, Glencore's decision to cut output(and expectation that others may do the same), announcement about shareholder meeting and expectation of good news, etc are some of the factors affecting share price.
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$21.63
Change
-0.040(0.18%)
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$21.48 $21.63 $21.02 $156.6M 7.309M

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1 2129 $21.60
 

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Price($) Vol. No.
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