the big top down funds are still shifting out of construction related stocks, they see headwinds due to macro economic factors, mostly due to housing market conditions expected to "soften" due to less money printing ( less money/ less credit available)
IMO they have over corrected pulling out of BLD without consideration of the government fiscal spending ie infrastructure spends that are coming are considerable both in USA and oz. BLD is well positioned to continue to provide cement/ materials etc. when this rolls through, over the next 2-5 years
however plasterboard and housing related materials have been reported by BLD as likely to be tough to make profits but still slightly growing
the big top down funds are still shifting out of construction...
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Last
$5.72 |
Change
-0.020(0.35%) |
Mkt cap ! $6.309B | |||
| Open | High | Low | Value | Volume |
| $5.68 | $5.75 | $5.67 | $13.15M | 2.295M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12585 | $5.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.73 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$5.72 |
Change
-0.020 ( 0.26 %) |
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| Open | High | Low | Volume | ||
| $5.73 | $5.76 | $5.69 | 193465 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| BLD (ASX) Chart |