AMP is a great Aussie stock... Gee even Buffett said its the only stock in Aus he would look at a few years back...
The trouble is people are scared of the markets in general (institutional investors) and AMP gives them direct leverage into it... they want to switch into FGL, HVN etc etc but cant sell quick enough at the price they want. There was talk about UK insurance companies having solvency problems and that they are the ones doing the heavy selling in UK, DAX etc... this is also imapcting AMP as its caught up in the same image typr of stock.
I bought AMP a few years back in the doom and gloom of the asian crisis and did quite well... At the moment though I would hate to get stuck being long in AMP to see another slump... I guess thats the time to buy.
Anyhow, still a great aussie stock.
Fergyl/Hellraiser you legend, page-3
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Last
$1.11 |
Change
-0.005(0.45%) |
Mkt cap ! $2.900B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.12 | $1.10 | $6.003M | 5.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 73678 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 88869 | 10 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| AMP (ASX) Chart |