You might be overcooking this a bit.... looks to me like a straightforward "pump" to get the share price up to 102 for end-fin-yr valuations / just a view - look at the activity on the CBA buy-back programme and the acceleration is buying 13th - 19th June...
Overall though - agree with yr positioning - liquidity pressures on the US banks as (US) M2 compressed / "quant easing" is unwound ... Australian banks under pressure as under-performings accelerate against a backdrop of significant household debt over-leverage
We'll see what happens
I'm expecting a return to the 3-month mean - meaning we'll see either side of 98.00 in July / if we break below this, time to have another look / 96.00 looks like a key number to me, then 95.00 them 93.00 being the bottom March 2023 after the drop from 111.00.... how about that - a 16% drop 3rd Feb to 13th March..... 16% in 26 trading days.....
Here's the buyback figures - look at the acceleration 13th - 19th June..
1 13th June 2023
A,109,761
2 14th June 2023
A$22,904,792
3 15th June 2023
A$26,789,455
4 16th June 2023
A$40,706,187
5 19th June
A$60,132,840
6
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Last
$132.46 |
Change
-3.810(2.80%) |
Mkt cap ! $221.6B |
Open | High | Low | Value | Volume |
$133.50 | $134.25 | $131.66 | $507.4M | 3.839M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | $132.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$132.46 | 20375 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 235 | 132.000 |
1 | 50 | 131.970 |
1 | 1000 | 131.950 |
1 | 151 | 131.930 |
1 | 220 | 131.810 |
Price($) | Vol. | No. |
---|---|---|
132.980 | 150 | 1 |
133.000 | 377 | 1 |
133.200 | 580 | 2 |
133.300 | 376 | 1 |
133.500 | 45 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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CBA (ASX) Chart |