I don't think its so much money going in to financials as short money coming out (ie covering) and moving into resources. Its not the long term investment funds lust a bunch hedge funds along with institutional traders like Morgan Stanley who hate resources. They move at lunch time and after the open because its easier to manipulate prices at low volume times.
A good story is everything with resource stocks. Doesn't matter how big the profits they are making are, if there is any hint that commodity prices could change direction they will follow. Luckily BHP has a couple of opportunities a year to tell their own story. This half should be pretty good imo: iron ore, gold, oil, coal prices at record highs, base metals and uranium recovering, costs under control according to last report, and increased volumes hopefully.
I don't think its so much money going in to financials as short...
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Last
$41.46 |
Change
-0.180(0.43%) |
Mkt cap ! $210.2B | |||
| Open | High | Low | Value | Volume |
| $41.85 | $41.93 | $41.46 | $335.0M | 8.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6629 | $41.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.50 | 16313 | 2 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |