I would say 75% of today's move is related to net outflow of Insto money. They have clearly ignored the strong retail.
It's a big reaction and could be an over reaction. Time and markets will tell
Long term this stock is a screaming buy.
ASX capped at 1.6 trillion super at 2 trillion and screaming higher each month.
Do the maths on where that money will/can go. It's clearly not Australian equities.
And That's just Australian investment....they cover the globe.
PE here it looks cheap baring any shocks
I would say 75% of today's move is related to net outflow of...
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Last
$10.69 |
Change
0.150(1.42%) |
Mkt cap ! $1.838B | |||
| Open | High | Low | Value | Volume |
| $10.55 | $10.88 | $10.43 | $8.379M | 783.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3749 | $10.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.76 | 13194 | 5 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |