I guess lower interest rates mean, all else equal, higher prices are justified. Also, regardless of business-specific factors, the market seems to have assigned a rosy future to anything 'tech'. It's probable, seems to me, that some sectors are already euphoric (basically a reinforcement of the pre-pandemic trend).
Travel is interesting. The market is definitely looking forward there (as it should).
The famous words of John Templeton loom large, in my mind. But I suspect we are not at broad euphoria yet.
Ann: Market Update, page-24
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Last
$38.88 |
Change
0.470(1.22%) |
Mkt cap ! $3.202B | |||
| Open | High | Low | Value | Volume |
| $38.83 | $39.07 | $38.73 | $1.360M | 34.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 39 | $38.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.90 | 121 | 15 |
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| Last trade - 12.53pm 11/07/2024 (20 minute delay) ? |
| ARB (ASX) Chart |