Im a holder of NWS and have been a little disappointed with the recent softness in the share price expecially given the strength of the ASX. Im a bit baffled as to which market drives the price. Generally if the US has a strong day, the NWS in aussie with gap up & obviously vice versa. This would lead me to believe that the NWS in the ASX is merely a mirror of the US market price adjusted for currency movement. But this view would mean suggestions such as the inclusion in ASX indicies will support/drive up demand because of the need for local managers to buy the stock is false as this is happening locally & not in the US. NWS was down 0.39c last night & therefore one would assume this would mean a price sub $28 in Aus on Monday. I currently see strong support for NWS at $28 so this is the test. Should the price close below $28 I reckon my original proposition seems to hold. Should NWS hold at $28 - well then I reckon other forces are at play & will restore my hope that the AUS market is having some say in NWS fortunes.
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Last
$39.03 |
Change
0.450(1.17%) |
Mkt cap ! $1.094B |
Open | High | Low | Value | Volume |
$38.94 | $39.18 | $38.91 | $2.014M | 51.62K |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 116 | $39.01 |
Sellers (Offers)
Price($) | Vol. | No. |
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$39.03 | 56 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 181 | 38.970 |
3 | 111 | 38.960 |
4 | 245 | 38.950 |
4 | 658 | 38.940 |
2 | 198 | 38.930 |
Price($) | Vol. | No. |
---|---|---|
38.990 | 137 | 13 |
39.000 | 155 | 6 |
39.010 | 94 | 5 |
39.020 | 169 | 7 |
39.030 | 88 | 2 |
Last trade - 14.44pm 13/05/2024 (20 minute delay) ? |
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Last
$39.09 |
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Change
0.450 ( 1.52 %) |
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Open | High | Low | Volume | ||
$38.96 | $39.17 | $38.92 | 5169 | ||
Last updated 15.03pm 13/05/2024 ? |
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Neil Goodman, MD
Neil Goodman
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