This news from China is still relatively fresh but could imo offer support for the Resource sector over the coming quarters. Pump some life back into related equities. I know they've (China) has placed a ban on short selling and curbed similar type 'negative market forces. A stronger, rising Chinese stockmarket will rise and float many a sector.
This an excerpt from Bloomberg.The benchmark CSI 300 Index has gained 5.2% so far this week. The rebound came after a quickening drumbeat of policy support, which included replacing the market regulator and wider trading curbs as well as state buying of major bank stocks. News that regulators planned to brief President Xi Jinping on markets also fueled optimism.
This news from China is still relatively fresh but could imo...
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $45.08M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.5¢ | $5.132K | 24.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 205690 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 8516 | 2 |
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| Last trade - 10.09am 05/09/2024 (20 minute delay) ? |
| E25 (ASX) Chart |