Little wonder OEX choose to release price sensitive information during UK hours of trade as AU continues to drag the chain with its consistent discount of ~ 5% to UK.
So whilst the UK closed up just over 20% last night the ASX managed to follow with a creditable 7.95% today. (At this point I shall take my firmly implanted tongue out of my cheek)
Perhaps a more steady growth curve may be a good thing long term ?? The only thing I can guarantee is that it will probably drag the UK down with it tonight. Thoughts anyone ??
And yes that would be the Australian market top right.
OEX Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held