Always a difficult one, but I daresay the gapping up of BHP and Rio lately would indicate that whatever good news was to be announced had already been factored into the price, buyback and all.
When the news is finally out, it provides nothing new to push the price higher...and the stock is open to the usual market pressures.
In the case of miners, that pressure was down as the US dollar rose.
Rio and BHP do not pay spectacular dividends like CBA's $1.34, so reason to hold to ex-dividend date not as important. The entire dividend's worth can be wiped out in half a day's trade for these two.
Always a difficult one, but I daresay the gapping up of BHP and...
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Last
$112.81 |
Change
-1.620(1.42%) |
Mkt cap ! $41.87B | |||
| Open | High | Low | Value | Volume |
| $114.38 | $114.42 | $112.81 | $158.9M | 1.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2408 | $112.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $112.85 | 6700 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |