It's not the sort of thing I ever notice, let alone comment, but the extent to which the market today suddenly decided to dump defensive sectors - healthcare (COH, RMD, CSL, SHL)) and grocery retailers (WOW, COL) - and started chasing financial leverage (banks and wealth managers - IFL, CGF) and market beta (cyclicals - ABC, BLD, FBU, JHX), is not something one sees very often.
Certainly not to this extent.
As to what it means (or indeed of it means anything at all), well that's a very big debate all on its own.
Defensives Dumped in pursuit of Beta
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Last
$326.86 |
Change
1.720(0.53%) |
Mkt cap ! $21.35B | |||
| Open | High | Low | Value | Volume |
| $327.16 | $327.87 | $322.92 | $14.05M | 43.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7 | $326.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $326.86 | 59 | 11 |
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| Last trade - 14.44pm 11/07/2024 (20 minute delay) ? |
| COH (ASX) Chart |