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Community


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Online Share Trading

Engage and learn about markets and trading online

Npn

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Russ
Super Contributor
Who decides that a share will suddenly go up 5% at the start of the day and then stay at virtually the same level all day? What has changed since yesterday and what is so special about that level?
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6 REPLIES 6
Hali
Super Contributor
This share tracks the Tencent movements on the Chinese market.. Up a similar percentage today
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Russ
Super Contributor
Thanks, I will have to ask the same thing about tencent then.
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Russ
Super Contributor
Maybe the Chinese government passed a law overnight banning the sale of tencent shares.
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Nello
Occasional Contributor
losing my shirt on this non short
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sponono
Super Contributor
looks like your short troubles are not over. The Hang Seng Index futures are up by 5% as of now
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Not applicable
betting on Tencent right now is a complete lottery. Asian markets are notoriously volatile - and an 8% daily move on a stock is quite normal. Thing is - those markets are so damn speculative, that it could swing 4% the other way tomorrow just as easily. So Naspers will move in 5% increments easily
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