Exact opposite IMHO. Leading into the open NZX was being held down. Much easier to do on low volumes .
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Wow, low of $14.30 and trading at $15.16 - all in the first 22 minutes!
I haven't kept up on this or any other boards about ATM but over the weekend a friend told me that apparently they had to ask mothers in China not to stockpile formula and that their market share is closer to 10% now. I have no idea if there is any truth to it and I'm happy to delete this post if it's perceived as ramping but I did wonder why the SP has held up so well.
Talking about exchange rate...….sure A2 will have forward cover, but will be loving the tailwind as the NZD/USD rate closes in on 0.60. :p All exporters in the same boat.
The Quarterly Rebalance of all the major S&P/ASX indices - including the All Ords which is only rebalanced once a year - has been postponed due to extreme volatility.
A2M inclusion - I think so?..............imo