The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Metro Performance Glass (MPP.AX)
Stock Exchange: ASX
Company: Metro Performance Glass
Ticker Codes: | MPP.AX | ASX:MPP |
Metro Performance Glass Limited, together with its subsidiaries, supplies processed flat glass and related products for the residential and commercial building sectors in New Zealand and Australia. Its products include various glass products, including splash backs, benchtops, and kitchen doors and mirrors; and mirrors, inline showers, two and three sided showers, bath end showers, bath screens, and shower and screen hardware. The company also offers balustrades, stairs, room dividers, doors, mirrors, furniture, and balustrade and door hardware; and outdoor balustrades, pool fences, wind breaks, glass canopies, glass features, outdoor furniture, and balustrade and pool fence hardware. In addition, it provides installation services. Metro Performance Glass Limited was founded in 1987 and is headquartered in Auckland, New Zealand.
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