Im a holder of NWS and have been a little disappointed with the recent softness in the share price expecially given the strength of the ASX. Im a bit baffled as to which market drives the price. Generally if the US has a strong day, the NWS in aussie with gap up & obviously vice versa. This would lead me to believe that the NWS in the ASX is merely a mirror of the US market price adjusted for currency movement. But this view would mean suggestions such as the inclusion in ASX indicies will support/drive up demand because of the need for local managers to buy the stock is false as this is happening locally & not in the US. NWS was down 0.39c last night & therefore one would assume this would mean a price sub $28 in Aus on Monday. I currently see strong support for NWS at $28 so this is the test. Should the price close below $28 I reckon my original proposition seems to hold. Should NWS hold at $28 - well then I reckon other forces are at play & will restore my hope that the AUS market is having some say in NWS fortunes.
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Last
$38.58 |
Change
1.270(3.40%) |
Mkt cap ! $1.083B |
Open | High | Low | Value | Volume |
$38.57 | $38.84 | $38.49 | $12.72M | 330.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 111 | $38.52 |
Sellers (Offers)
Price($) | Vol. | No. |
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$38.60 | 592 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 338 | 37.000 |
1 | 200 | 36.800 |
1 | 342 | 36.630 |
1 | 30 | 36.340 |
1 | 290 | 34.510 |
Price($) | Vol. | No. |
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39.850 | 350 | 1 |
39.900 | 250 | 1 |
40.000 | 26 | 1 |
41.000 | 104 | 1 |
42.000 | 862 | 2 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$38.49 |
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Change
1.270 ( 3.45 %) |
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Open | High | Low | Volume | ||
$38.65 | $38.80 | $38.49 | 10331 | ||
Last updated 15.59pm 10/05/2024 ? |
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