"Instos are surely playing with FMG, but there were some serious buyers like Capital Group."
Capital Group have ZERO shares in FMG. Capital Group is managing portfolios containing FMG on behalf of other investors
From their last substantial holder notice:
"Neither CGC nor any of its affiliates own shares of Fortescue Metals Group Limited for its own account. Rather, the shares reported on Form 604 are owned by accounts under the discretionary investment management of one or more of the investment management companies that make up CGC."
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01612211
why would anyone hold Fortescue after all these oversupply comments, page-27
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |