BHP commenced trading ex-WDC rights yesterday hence the slight price adjustment, overall it was a nothing session with the stock drifting lower in line with RIO, Fortescue and the overall market. The “Big Australian” like the index has hardly moved in over a year – until further notice a perfect candidate for buy the dip and sell the pop.
NB BHP Group (BHP) now has a market cap of $215bn making it the largest listed ASX company ahead of 2nd placed Commonwealth Bank (CBA) whose currently sitting at $180bn.
MM is long and bullish BHP
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