Better macro economic news for the world overnight. The Dow Jones index was up 700 points (2%) in the best daily performance in over six months after the combination of the debt ceiling result and encouraging jobs data boosted sentiment. The Nasdaq was up over 1%, the XBI biotech index up over 1.5% and the NBI biotech index up 1.75%.
The biotech sector performance, and larger world market conditions, which Race has very closely mirrored has been, in my opinion, the main reason for our share price decline lately, NOT a lack of the strength of fundamentals. My positive outlook with respect to RAC remains firmly in place and I’m hoping for a much better June for all of my stocks, most of which have been absolutely battered in a similar fashion - and for RAC with expected news to come and hopefully an improving outlook on the economy. The last few weeks have been absolutely bargain buying and I believe anyone that has done so will be very happy with their decision in the future.
Here’s to a good Monday!!
Better macro economic news for the world overnight. The Dow...
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Last
$1.87 |
Change
-0.025(1.32%) |
Mkt cap ! $317.5M | |||
| Open | High | Low | Value | Volume |
| $1.97 | $2.02 | $1.85 | $1.189M | 605.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 30 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$1.86 |
Change
-0.025 ( 1.00 %) |
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| Open | High | Low | Volume | ||
| $1.97 | $2.04 | $1.86 | 48029 | ||
| Last updated 15.57pm 13/06/2024 ? | |||||
| RAC (ASX) Chart |