I suspect that this week's price action might be related to Labor's Monday announcement that if they win the election they will rejig the NBN, replacing 2 million FTTN connections with FTTP and renegotiating some contracts.
It's not at all clear to me that this would be bad for SSM, but perhaps others think it might be. It's often said that markets hate any uncertainty, and it might have prompted some traders to lock in profits (or they were stopped out after buying above $0.80!)
I suspect that this week's price action might be related to...
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 (20min delay)
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Last
$1.90 |
Change
-0.055(2.81%) |
Mkt cap ! $1.170B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.97 | $1.89 | $3.652M | 1.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 530 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 22625 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| SSM (ASX) Chart |