Surge in Open Interest Signals Increased Market Activity for 360 ONE WAM Ltd
360 ONE WAM Ltd has seen a notable rise in open interest, reaching 17,707 contracts, alongside a trading volume of 10,388 contracts, indicating increased market activity. Despite recent price underperformance and a downward trend, the stock's liquidity remains strong, suggesting significant developments in the capital markets sector.
360 ONE WAM Ltd, a prominent player in the capital markets sector, has experienced a significant increase in open interest today. The latest open interest stands at 17,707 contracts, reflecting a rise of 1,778 contracts or 11.16% from the previous open interest of 15,929. This uptick in open interest comes alongside a trading volume of 10,388 contracts, indicating heightened activity in the stock.In terms of price performance, 360 ONE WAM has underperformed its sector by 0.66%, with a 1D return of -0.87%. The stock has been on a downward trend, recording a decline of 6.94% over the past two days. Notably, the stock's current price is above its 50-day, 100-day, and 200-day moving averages, yet it remains below its 5-day and 20-day moving averages.
The liquidity of the stock appears robust, with a delivery volume of 2.02 crore on July 22, marking a staggering increase of 5,688.41% compared to the 5-day average delivery volume. Overall, the increase in open interest and trading volume highlights a notable shift in market dynamics for 360 ONE WAM, reflecting ongoing developments in the capital markets industry.
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