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clock Created with Sketch. 25/11/24
08:18
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Originally posted by Joffrey:
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But BHP and CSL who are number 2 and number 3 on the ASX have had a very different story. BHP is down -14% for the year and CSL up 7%. CBA is up 54%. The passive index theory isn't really credible as if it were true, the prices would move in unisom. In the past year there has been a complete realignment of the ASX with banks making up an even greater % of the index, CBA in particular. CBA had added 100 billion to its market cap in the past year, and BHP has lost around 30 billion. A massive swing from BHP to CBA. BHP used to be the biggest company on the ASX, now CBA is 33% bigger in market cap than BHP. Investors are going overweight CBA big time.
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As an investment CSL makes less sense than CBA.
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