FMG 2.02% $25.70 fortescue ltd

Unless the Iron Ore price collapses then there is no way FMG’s...

  1. 2,558 Posts.
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    Unless the Iron Ore price collapses then there is no way FMG’s price will collapse back to GFC levels. Dalian IO futures closed at their highs on Friday, up 3.63%, then Friday night IO put on another 1.4% so Monday should be a positive day for IO producers as it looks like IO has found a bottom and tracking up again. The trade war will force the 2 biggest economy’s to spend more money on infrastructure building which is positive for IO. The companies which will be hit hard tomorrow are the high PE stocks, eg some of those Tech stocks with crazy valuations.
 
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Last
$25.70
Change
0.510(2.02%)
Mkt cap ! $79.12B
Open High Low Value Volume
$25.58 $25.78 $25.39 $142.8M 5.570M

Buyers (Bids)

No. Vol. Price($)
1 1 $25.63
 

Sellers (Offers)

Price($) Vol. No.
$25.75 3050 3
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$25.73
  Change
0.510 ( 2.20 %)
Open High Low Volume
$25.57 $25.78 $25.39 738887
Last updated 15.59pm 29/03/2024 ?
FMG (ASX) Chart
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