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
$38.57 |
Change
0.480(1.26%) |
Mkt cap ! $1.082B |
Open | High | Low | Value | Volume |
$38.38 | $38.61 | $38.20 | $1.936M | 50.39K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 206 | $38.38 |
Sellers (Offers)
Price($) | Vol. | No. |
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$38.59 | 206 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 206 | 38.380 |
1 | 379 | 38.300 |
1 | 30 | 37.060 |
1 | 135 | 36.670 |
1 | 280 | 36.010 |
Price($) | Vol. | No. |
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38.590 | 206 | 2 |
38.670 | 3900 | 1 |
39.850 | 350 | 1 |
39.900 | 250 | 1 |
40.000 | 1526 | 2 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$38.51 |
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Change
0.480 ( 0.85 %) |
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Open | High | Low | Volume | ||
$38.37 | $38.61 | $38.21 | 1837 | ||
Last updated 15.59pm 07/05/2024 ? |
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