This result is not near as bad as what was predicted in AFR last week after the AMP downgrade and IAG's result.
The market seem to think so as well - SUN just it $12.00
Suncorp-Metway loss on investment income for year
13:27, Monday, 8 July 2002
Sydney - Monday - July 8: (RWE) - Suncorp-Metway Ltd today said
it would record a marginal loss on investment income on general
insurance shareholder funds for the full year to June.
The bankassurance group expected investment returns on general
insurance shareholders funds for the June half-year to be marginally
positive but this would not be enough to offset a $7 million loss in the
December half, attributed mainly to poor sharemarket performance.
The company said strong active investment management and
positive returns on other asset classes (property and cash) in the June
half had allowed it to overcome equity returns that remained below
long-term averages.
Suncorp-Metway rose 17c to $11.88.
Investment return
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Last
$16.00 |
Change
-0.110(0.68%) |
Mkt cap ! $20.35B | |||
| Open | High | Low | Value | Volume |
| $16.01 | $16.07 | $15.90 | $36.42M | 2.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 62366 | $16.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.01 | 52 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$16.01 |
Change
-0.110 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| $15.99 | $16.07 | $15.90 | 517251 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| SUN (ASX) Chart |