Hi Folks,
DOW fell off the cliff, down 204 points, commodoties fell from the sky, Oil down to US$66, Gold down to US$920 - Main reason being Global growth to contract by 2.9%
Though, lets not forget on Friday Chinese growth for 2009 was raised to 7.8% (Being FMG's main export market)
SPI futures down 87 points.
Question is with all this background how will FMG's share price react?
From yesterday's closing price of $4.07, will it open at
$3.91 - 4% lower?
$3.83 - 6% lower?
$3.74 - 8% lower?
$3.66 - 10% lower?
$3.58 - 12% lower?
My gut feel is that we will see FMG open 6-8% lower...
Thoughts welcome
opening price - fmg 23/06/09
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Last
$21.52 |
Change
-0.100(0.46%) |
Mkt cap ! $66.25B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.61 | $21.25 | $97.49M | 4.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3904 | $21.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.54 | 4837 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |