The market is worried about post-pandemic inflation, which will inevitably come because economies worldwide are pumping stimulus money into them.
This will affect tech stocks the most because technically, as interest rates are forced to rise to cap runaway inflation, tech spending, being largely discretionary, will suffer and decrease.
I can't really see this affecting EML too much because it is exploiting a more rapid move towards a cashless economy.
India plans to move cashless within the next 20 years. Imagine EML getting into the Indian market?
EML Chart, page-412
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Last
60.0¢ |
Change
0.005(0.84%) |
Mkt cap ! $226.2M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 61.0¢ | 59.3¢ | $2.108M | 3.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 149768 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 7806 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| EML (ASX) Chart |