It all goes back tomorrow.
Market was only incurred a shock from the US reserve. to stabilize and return to equilibrium, the market will return to a downward trend and soon re correct factoring the rate cut.
Possibly going low, not lower than expected (as rate cut does influence spending).
I have mixed views on the reasoning for the rate cut though.
It encourages spending, yet it is for the benefit of those with sub prime mortgages. and is only going to increase more borrowing. is that what they want?
up or down tomorrow, page-7
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $35.01M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.5¢ | $1.505K | 5.439K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 59971 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 11110 | 1 |
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| Last trade - 15.39pm 26/07/2024 (20 minute delay) ? |
| GDA (ASX) Chart |