Also markets are getting thrashed today. Bad news keeps coming out of the US, and more/more companies are still reporting losses. If banking stocks continue to fall, then what we are seeing is a massive knock-on effect, particularly those resource stocks who require debt funding, AIM being one of them. Banks will tighten up, and money will be harder to get hold of, if a company doesn't have a good credit rating.
All Ordinaries 6,557.70 -170.4
Dow Jones 13,300.02 -360.92
FTSE-100 6,512.40 37.5
Hang Seng 28,914.92 -794.01
NASDAQ 2,748.76 -76.42
Nikkei 225 15,723.97 -372.71
S & P 500 1,475.62 -44.65
SPI Futures 6,543.00 -144
It's llikely to be several months before banks return to normal, because it will take that long for banks to disclose all the losses from financial instruments linked to US sub-prime mortgages.
performance rights issue, page-12
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Last
78.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $162.8M | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 78.5¢ | 73.5¢ | $122.0K | 160.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 67232 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 1686 | 1 |
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| AIM (ASX) Chart |