[BULLISH]: Australian Pipeline Trust current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 11306.
The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.
Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];
PROFILE: Australian Pipeline Trust (APA.AX)
Stock Exchange: ASX
Company: Australian Pipeline Trust
Ticker Codes: | APA.AX | ASX:APA |
APA Group develops, owns, and operates natural gas transportation and energy infrastructure in Australia. The company operates through three segments: Energy Infrastructure, Asset Management, and Energy Investments. It operates natural gas pipelines, gas storage facilities, gas-fired power stations, and wind farms. The company has interests in approximately 15,000 kilometers of gas transmission pipelines; 28,400 kilometers of gas mains and pipelines; and 1.3 million gas consumer connections. It also owns and operates the Mondarra gas storage facility and the Emu Downs wind farm in Western Australia; 242 megawatt Diamantina and 60 megawatt Leichhardt power stations in Queensland; the Dandenong LNG storage facility in Victoria; and the Central Ranges gas distribution network servicing Tamworth in New South Wales. In addition, the company provides commercial, operating, and asset maintenance services to its energy investments and third parties; and invests in unlisted entities. APA Group is headquartered in Sydney, Australia.
Daily Volume IndexDownload
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