I am starting to get tempted by bank shares. However I think the oil price will rebound before bank shares bottom. Also I am a little bearish on Aus property. While ANZ and NAB appear reasonable value, WBC is less so, and CBA doesn't look particularly cheap to me when I value it conservatively. ANZ I don't really like that they have Asian exposure, most Aus companies destroy value when they expand overseas, although there are some exceptions. NAB has been a laggard largely due to focusing on business lending, in addition to their UK foray, but perhaps if I am right about a soft property market NAB may outperform the other majors, although businesses also tend to suffer when that happens, so perhaps not.
I will wait a little while longer before venturing into this sector. Apologies for the disjointed ramblings.
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Last
$29.59 |
Change
0.400(1.37%) |
Mkt cap ! $88.78B |
Open | High | Low | Value | Volume |
$29.51 | $29.70 | $29.37 | $169.6M | 5.745M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1149 | $29.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.59 | 12028 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17 | 29.550 |
1 | 500 | 29.510 |
2 | 2205 | 29.400 |
2 | 1352 | 29.390 |
1 | 300 | 29.380 |
Price($) | Vol. | No. |
---|---|---|
29.600 | 2232 | 7 |
29.620 | 30300 | 2 |
29.630 | 855 | 1 |
29.640 | 3048 | 3 |
29.650 | 26511 | 9 |
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