For the last year, QBE has been repelled every time it tested ~12.80.
This time it is different. Recent interest rate rises above nil means it can earn a return on its very large interest-bearing investments.
It successfully pushed through significant premium rises without losing too many customers. Now, able to earn a modest return on investments, I expect profitability and market attention to revive.
Sympathy for long term holders.
Ash
For the last year, QBE has been repelled every time it tested...
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Last
$16.15 |
Change
-0.030(0.19%) |
Mkt cap ! $24.26B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.38 | $16.07 | $75.88M | 4.672M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $16.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.16 | 13161 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |