Taking into account that more and more negitive effects appearing due to higher interest rates, bad decisions and bad credit risks. This also compounded by a reduction large reduction in spending within the next couple of months should result in a fall in company profits and the asx fall back to 4400 to 4800. I predict that we will loose around 15% at worst. I predict that as interst rates rise above 11% to 14% there will be sell off as bank returns look more attractive.
a sell off in sight
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Last
$64.41 |
Change
1.000(1.58%) |
Mkt cap ! $12.48B | |||
| Open | High | Low | Value | Volume |
| $63.49 | $64.41 | $63.39 | $28.91M | 451.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | $64.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.43 | 629 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |