Once again the ASX has acted against the interest of shareholders in SZL. The whole sector got hammered over the past 6 to 9 months. The ASX was not concerned for shareholders . Now that the sector is starting to recover from being well oversold the ASX chooses to put the brakes on.
I can only imagine that they have placed SZL in a trading halt to give a please explain why their share price has been rising .
ZIP is opening stronger because it's latest quarterly results were far better than their current share price. When they have been rising naturally the other stocks in that sector have been rising with it. This is generally what happens.
SZL would have opened stronger this morning but unfortunately the opportunity to do so has been handcuffed by the decision to stop it from trading.
If it is because of a raising share price, it is a shameful decision by the ASX.
Once again the ASX has acted against the interest of...
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