The gradual fall in MYR shares during the last few days to today's c.A$0.6825 is perhaps due to weak shopper sentiment.
It is also most unlikely that the RBA will reduce cash rates this year. These may increase once or more, sending interest rates up.
Adding to this, an analyst has just stated that iconic JBH and personal relationship accusation-hit SUL are overvalued.
SCG also recently issued a trading update that noted turnover at its major shopping centres' tenanted department stores was down 2.7 per cent for the quarter.
Ann: Half-Year Results - Release and Presentation, page-14
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Last
85.0¢ |
Change
0.015(1.80%) |
Mkt cap ! $707.0M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 87.5¢ | 83.0¢ | $3.184M | 3.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 43459 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.5¢ | 2465 | 2 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| MYR (ASX) Chart |