Found this article on the web so we might be in for another strong day unless they complete the buying yesterday.
Super funds pour in $8b, keeping shares on the boil
January 31, 2007
THE sharemarket closed at fresh highs yesterday despite falls among the big miners.
Aequs Securities institutional dealer Ric Klusman said the market had performed very well, thanks to money from superannuation funds pouring in.
"It's been stunning. Commodities are down across the board. Everything is sharply up except BHP Billiton and Rio Tinto," Mr Klusman said.
"October-November-December superannuation funds - $8 billion in cash - hit the market this week. It had to be invested before the end of the month."
Mr Klusman said investors were piling into the banks, property trusts and developers.
- Forums
- ASX - By Stock
- XJO
- end of month super buying
end of month super buying
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,354.7 |
Change
70.000(0.84%) |
Mkt cap ! n/a |
Open | High | Low |
8,284.7 | 8,384.5 | 8,284.7 |
Featured News
XJO (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online