I am so happy to see these volumes coming into ISX for the 1st time, and with such upward momentum. The day isn't over yet, but here are some stats:
- Stock up 10.8% on high trading volume (7.8x 30D average volume at time)
- Price up 10.8% vs previous close vs -0.6% for S&P/ASX 200
- Total return is 20.6% YTD vs 4.2% for S&P/ASX 200
We may see a pullback, but with A$1mln+ traded already today it is very clear that institutional money is finally flowing in. As long only funds enter this stock we will see a rerating and analyst coverage, which will drive the rally and sustainability further.
Well done John and team. A fantastic result after years of work..
Also, I can see Credit Suisse traded 313,000 shares so far today - which is institutional money. A sure sign this has turned the corner
what a day!!
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