PRR holders will be cracking a smile by Christmas :)
http://www.theaustralian.com.au/business/opinion/no-beef-with-this-trading-halt/story-e6frg9lo-1226071973611
THINK of a port in a market storm and biotechs don't exactly come to mind, yet some of our life- science friends posted decent gains during yesterday's 0.7 per cent market rout -- mostly for no discernible reason.
Shares in Phylogica (PYC, 7c) led the way with a 4.5 per cent gain, while Tissue Therapies (TIS, 48.5c) gained 4.3 per cent. Others defying the trend: Bionomics (BNO, 63c), Starpharma (SPL, $1.48) and Prana Biotechnology (PBT, 18.5c).
One theory is that spec sectors such as biotechs are hit first in a downturn and also recover first. This was the sector's experience during and after the GFC.
With biotechs now shining,, will those gloomy brokers be cracking a smile by Christmas?
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Open | High | Low | Value | Volume |
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6 | 82430 | 0.320 |
2 | 79615 | 0.315 |
5 | 54791 | 0.310 |
Price($) | Vol. | No. |
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0.335 | 105523 | 4 |
0.340 | 51705 | 5 |
0.345 | 169207 | 6 |
0.350 | 97759 | 7 |
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