To add to your comment, if you look at the major market indices globally, SP500, Russell 2000, NASDAQ, Shanghai Composite, Euro Stoxx600 and to a lesser extent the Japan Nekkei, all are in bear market territories. The Aussie All Ords is the only developed market index that is not in a bear market, driven by commodities. The All Ords is only 4% of its peak. Given everything that is happening to the global economy, plus all commodities are now in backwardation, Aust will be lucky not to be in a recession. This is bad for growth stocks. I intend to hold PLY for a long term, I expect pains in the short term. But who knows, if we escape a recession like what we did during the GFC, Aussie equities will attract foreign inflows, plus we're the closets developed market to Asia, so our market is always a haven for Asian inflows. So who knows, it might not be all doom and gloom after all. Plus, gaming is a very niche market. Gaming (mainly gambling) tends to do better during a recession so there's that.
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77.0¢ |
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80.0¢ | 80.5¢ | 76.5¢ | $196.2K | 249.9K |
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No. | Vol. | Price($) |
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6 | 29549 | 0.760 |
4 | 4499 | 0.755 |
9 | 97230 | 0.750 |
2 | 4658 | 0.745 |
Price($) | Vol. | No. |
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0.770 | 9128 | 1 |
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0.780 | 6600 | 3 |
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