There is significant disinvestment occurring across a range of funds in North America. The US retail investors have withdrawn funds for 21 weeks straight with total withdrawals of around $US70 billion. Fund cash levels are very low at about 3.5% so withdrawals can mean share sales.
The aggressive nature of the selling - driving the price vertically down to $A2.57 - was indicative of "get me some cash".
If it was news driven this type of selling would have "charge me with insider trading" written on the contract notes.
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Last
$2.50 |
Change
-0.080(3.10%) |
Mkt cap ! $3.439B |
Open | High | Low | Value | Volume |
$2.56 | $2.59 | $2.48 | $20.35M | 8.067M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 42141 | $2.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.52 | 39467 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 2.490 |
3 | 11697 | 2.480 |
1 | 6681 | 2.470 |
3 | 8105 | 2.460 |
2 | 7088 | 2.450 |
Price($) | Vol. | No. |
---|---|---|
2.520 | 6681 | 1 |
2.530 | 6681 | 1 |
2.540 | 6681 | 1 |
2.550 | 6681 | 1 |
2.560 | 6681 | 1 |
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