Interesting comments below re FMG
0505 GMT [Dow Jones]
S&P/ASX 200 up 0.7% at 4051.5, hits 4051.8 as materials continue surging. AUD/USD, which is strongly correlated to resources, has jumped to 0.8120 from 0.8030 at the NY close. BHP (BHP.AU) up 1.9%, while Rio (RIO.AU) up 6.2%.
Fortescue (FMG.AU) up 20%. "It certainly seems as though there have been some good buy portfolios this week," says senior trader at major broker. "I think there's a hell of a lot of short covering going on in Fortescue (FMG.AU)." He says recent buying is just the tip of the iceberg.
"We've still got a long way to go in terms of money coming into the market," he says. "This is really only the start of it, as asset allocators rotate back into equities."
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B |
Open | High | Low | Value | Volume |
$20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38056 | $20.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.15 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 20.080 |
1 | 5000 | 20.050 |
3 | 2700 | 20.020 |
8 | 2885 | 20.000 |
1 | 2500 | 19.990 |
Price($) | Vol. | No. |
---|---|---|
20.160 | 11740 | 2 |
20.180 | 180 | 1 |
20.200 | 966 | 1 |
20.260 | 3200 | 1 |
20.280 | 993 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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FMG (ASX) Chart |