市场见解

BHP (ASX:BHP) share price slides 7% to a 5-month low

From a record high at the beginning of August to a 5-month low on Thursday. BHP investors might want to look away.
The post BHP (ASX:BHP) share price slides 7% to a 5-month low appeared first on The Motley Fool Australia. –

Investors are seeing months of hard-earned gains wiped out as the BHP Group Ltd (ASX: BHP) share price slides another 7% on Thursday.

Shares in the mining giant touched a 5-month low of $44.19 this morning and are currently trading at $44.46, down 6.8%.

BHP share price falls off cliff post-FY21 results

The selling pressure has continued for BHP shares following the release of its highly anticipated FY21 results on Wednesday.

Investors seemed to have already anticipated a record result from the mining giant, unphased by its 88% surge in underlying attributable profit to US$17,077 million and a record fully franked final dividend of US$2.00 per share.

The sharp 8.06% selloff yesterday was met with its highest selling volume since March 2020. Just over ~25 million BHP shares traded hands, compared to its current 10-day average of approximately 9.77 million shares.

The selling pressure has continued today, with the BHP share price opening 5.8% lower at $45.28 and currently down 7.13% to $44.30.

More than 14 million BHP shares have been traded in today’s session, despite there being more than 3 hours until market close.

Iron ore woes continue

Iron ore prices have continued to crater, with spot prices fetching US$159.59/tonne according to Market Index.

Perhaps what’s more discouraging is the fall in Chinese iron ore futures contracts on the Dalian Commodity Exchange (DCE).

At the time of writing, DCE iron ore futures have tumbled 5.7% to the lowest levels since March this year, broadly coinciding with the BHP share price falling to 5-month lows.

According to a report in Mining.com:

China’s steel industry is under pressure after pledging to reduce output this year, a goal that requires huge second-half curbs to offset booming output earlier in 2021. Production in July was more than 8% lower year-on-year, data on Monday showed.

Authorities in the steel production hub Tangshan city in Hebei province have issued an air quality control plan for the Beijing Winter Olympics in February, imposing ultra-low emission standards across the steel and power sectors until March.

While the BHP share price has enjoyed sky-high iron ore prices for most of this year, the opposite is whipping off months of hard-earned gains.

The post BHP (ASX:BHP) share price slides 7% to a 5-month low appeared first on The Motley Fool Australia.

Should you invest $1,000 in BHP right now?

Before you consider BHP, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Here are the top movers on the ASX 300 today

What you need to know about the BHP (ASX:BHP) dividend dates in 2021
Which shares topped ASX 200 (ASX:XJO) trading volumes on Wednesday

ASX 200 drops, BHP falls, Pro Medicus soars

The ASX reporting wrap-up: BHP Group, Domino’s, CSL

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!