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
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B |
Open | High | Low | Value | Volume |
$17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300 | $17.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.35 | 28897 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 17.330 |
3 | 1302 | 17.310 |
4 | 4250 | 17.300 |
2 | 2522 | 17.290 |
2 | 1080 | 17.280 |
Price($) | Vol. | No. |
---|---|---|
17.350 | 27484 | 2 |
17.380 | 1000 | 1 |
17.450 | 500 | 1 |
17.480 | 1000 | 1 |
17.500 | 3081 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |