I understand overseas listing companies like BHP and RIO have an effect on Australian BHP and RIO, BHP.L has averages 2.1M shares traded a day and RIO.L BHP.US RIO.US have averages around 3M a day. However US listed FMG FSUGY has average of just 41k shares traded a day, and often the US FSUGY is following AU FMG, not the other way around. This is true for a lot of AU US dual listed companies, when there are low volumes traded, they are just following what AU share prices do.
If you trade FMG (for people who like less risk, otherwise there are hundreds of better choices out there), you just follow the IO price trend. For long term holders, as long as FMG's dividends are much better than Banks term deposits, there are really no reason to trade FMG.
I understand overseas listing companies like BHP and RIO have an...
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Last
$25.57 |
Change
0.250(0.99%) |
Mkt cap ! $78.72B | |||
| Open | High | Low | Value | Volume |
| $25.38 | $25.62 | $25.24 | $87.38M | 3.432M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 108 | $25.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.57 | 17507 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$25.56 |
Change
0.250 ( 0.68 %) |
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| Open | High | Low | Volume | ||
| $25.41 | $25.62 | $25.24 | 1155324 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| FMG (ASX) Chart |