Seen this a few times - the funds try to buy in before the changes to the S&P indices are announced, so price actually falls on the reality.
MFG ran up a bit hard of late. Got a little ahead of itself by some measures. I know I always planned to start reducing once they hit $10bn in FUM, so maybe others have the same benchmark... it's much harder to double FUM from here and the $10bn is priced in.
However, still a solid stock and no real risk in holding it for the longer term, although a few months pullback and consolidation seems realistic here. Not sure what sentiment rating to put on this - short term sell, long term buy, medium term hold....
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Last
$9.44 |
Change
-0.030(0.32%) |
Mkt cap ! $1.706B |
Open | High | Low | Value | Volume |
$9.52 | $9.55 | $9.39 | $4.417M | 467.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3484 | $9.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.45 | 5319 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3484 | 9.380 |
2 | 7840 | 9.370 |
2 | 5004 | 9.360 |
4 | 4182 | 9.350 |
1 | 2933 | 9.340 |
Price($) | Vol. | No. |
---|---|---|
9.470 | 2933 | 1 |
9.480 | 2933 | 1 |
9.490 | 4933 | 2 |
9.510 | 2933 | 1 |
9.550 | 5000 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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MFG (ASX) Chart |