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
$38.95 |
Change
0.040(0.10%) |
Mkt cap ! $3.206B | |||
| Open | High | Low | Value | Volume |
| $38.80 | $39.21 | $38.48 | $4.289M | 110.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 262 | $38.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.09 | 479 | 2 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| ARB (ASX) Chart |