Fair enough commentary. Be interesting over the next week to see if NAB's bounce yesterday was over cooked of whether we will see the SP continue to edge up a bit more towards the ex-div date.
I think you may be right about the SP settling after that. Maybe $28 given the still unsettled environment.
Note that the DOW is currently up 240 points on the back of China and the US agreeing to wind back tariffs - always a good thing for the ASX when there is a bit of good news from overseas. If this continues then it may shore up the SP for banks in general.
Still think we could have another interest rate cut - though that is not certain and it would be the last one. That will work against bank profitability further. Though I do suspect we've seen the worst.
Your view on MLC is of interest. Perhaps this could be the reason it has been delayed - or at least NAB was waiting to get the best chance of a good offer. Maybe the less than perfect result will accelerate the efforts to off-load MLC.
Fair enough commentary. Be interesting over the next week to see...
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Last
$36.86 |
Change
-0.040(0.11%) |
Mkt cap ! $113.8B | |||
| Open | High | Low | Value | Volume |
| $36.84 | $37.00 | $36.74 | $48.47M | 1.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 763 | $36.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.87 | 1484 | 9 |
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| Last trade - 15.54pm 23/08/2024 (20 minute delay) ? |
| NAB (ASX) Chart |