I think there's been a bit of positioning against CSL lately due to Brexit fears. A fair chunk of its revenue comes from UK/Europe. IMO that explains the drop beyond the broader market. Other companies with UK/Europe earnings have been impacted similarly.
We are starting to see that trade unwind now though. Healthy bounce today along with the broader market. Brexit fears waning.
Why the big drop, page-9
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 (20min delay)
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Last
$301.20 |
Change
-4.470(1.46%) |
Mkt cap ! $145.5B | |||
| Open | High | Low | Value | Volume |
| $301.50 | $305.00 | $300.24 | $92.35M | 306.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 48 | $301.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $301.25 | 34 | 3 |
View Market Depth
| Last trade - 14.02pm 05/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |