Why worry? Fundamentals of FMG are sound. Demand will accelerate in September and onwards, that is why FMG is expanding port capacity to 210 Mtpa.China commerce ministry says consumption growth to accelerate in September
https://www.hellenicshippingnews.com/china-commerce-ministry-says-consumption-growth-to-accelerate-in-september/China’s domestic consumption growth will accelerate sharply in September as the world’s No. 2 economy recovers from the impact of the COVID-19 outbreak, an official at the country’s commerce ministry said on Friday.
Wang Bin, head of the consumption promotion division at the ministry, made the remarks during a press briefing.
Source: Reuters (Reporting by Jing Xu, Lusha Zhang and Ryan Woo; Writing by Se Young Lee; Editing by Muralikumar Anantharaman)
Busy buying into some other downtrodden stocks yesterday as the US fallout hit, but will look to top up FMG again next week if this silliness continues. Caronavirus times will be behind us soon in Oz. We may well lead the way.
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Last
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $93.92M | 4.301M |
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1627 | $21.91 |
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 28127 | 9 |
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
