Trading Analysis 16th Jan 2018


16 January 2018

Much tighter spreads today initially made distinction between Buys and Sells difficult but a number of disclosures by Long Term holders (and a few newer holders) allowed the complete trading pattern to be unpicked as shown below.

The end day balance of Buys (1.99M)  vs Sells (596K) left the MMs trading position fall further short by another c. 1.4M shares. Their accumulated nett trading position now ends up at 2.78M short, though from the behaviour of the Bid and Ask today there is the suggestion of a significant sell around 1:30pm which is yet to be reported.

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