Woolworths made a record all-time high and record-closing high on Thursday

Evan Lucas

IG

Woolworths made a record all-time high and record-closing high on Thursday. It also registered its second highest volume trade of the year, double that of 30-day average on no news; 4.97 million shares were traded and option settlement is today, so more will go through. Woodside Petroleum has closed at $40 for the first time since July 2011, as its production report came in ahead of expectations; this puts the Shell overhang as a real possibility. With the corporate actions from the weekend, anything is possible here and Shell could either sell out on-market or to a new major holder. (VIEW LINK)


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Evan Lucas
Evan Lucas
Market Strategist
IG

Evan joined us from RBS Morgans and has been working in financial markets and the banking sector for over four years. He started his career in Amsterdam with the former ABN AMRO, transferred to The Royal Bank of Scotland and then moved back to...

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