Macquarie Equities Australian equity strategist Matt Brooks sees the current retracement in reopening trades amid increasing European lockdowns as a "buying opportunity".
"In our view, the current retracement in reopening trades – including lower oil prices and falls in travel stocks – is a response to a Third Wave in Europe and negative vaccine news," he says.
"We see this as a buying opportunity in reflation trades and maintain a bias to value."
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Last
$17.61 |
Change
0.220(1.27%) |
Mkt cap ! $3.905B | |||
| Open | High | Low | Value | Volume |
| $17.30 | $17.66 | $17.26 | $4.725M | 271.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 10931 | $17.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.63 | 661 | 5 |
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| Last trade - 10.48am 15/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |