If I knew the answer, I wouldn't be on HC! As I see it: There are two competing forces, (1) the economy is taking a massive hit and by historical standards shares are way over-priced, and (2) with interest rates at zero there's nowhere else to put your money.
My gut feel is that with the much-anticipated easing of restrictions, there is optimism afoot and the sharemarket reflects that, boosted by FOMO. But that makes it very vulnerable to bad news. So at the first hint of a Wuhan virus 2nd wave, or a tightening of the screws by China, or something nasty from left field, expect a nerve-testing crunch in the market. Prediction isn't exactly easy ATM.
If I knew the answer, I wouldn't be on HC! As I see it: There...
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Last
$1.56 |
Change
-0.053(3.26%) |
Mkt cap ! $3.581B | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.59 | $1.55 | $9.265M | 5.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 98329 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 217318 | 62 |
View Market Depth
| Last trade - 12.14pm 01/05/2024 (20 minute delay) ? |
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Last
$1.56 |
Change
-0.053 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| $1.59 | $1.59 | $1.55 | 1455239 | ||
| Last updated 12.34pm 01/05/2024 ? | |||||
| BPT (ASX) Chart |