I think many would sell to pocket the dividend and franking credits which in total equals to $8.40. so theoretically the share price should fall to around $88. US market and RIO ADR was also weaker towards close so the gain of yesterday running up to the close should come down quite a bit. On top of that you have weaker economic forecast from OECD yesterday so near term I think there will be some selling pressure.
record day strategy, page-2
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Last
$119.00 |
Change
-2.540(2.09%) |
Mkt cap ! $44.17B | |||
| Open | High | Low | Value | Volume |
| $120.56 | $120.69 | $119.00 | $216.2M | 1.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $118.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.13 | 1255 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |