If the price of oil stays low, and extraneous factors are excluded, then TCL performance will depend on how far the market has factored in oil prices (ie close to peaking).
However if market volatility, investor sentiment and loose monetary policy continues, then bonds and infrastructure-type investments will be continue to be favoured. This is apparent from the +20% (yoy) share price performance to 2014 Q3, prior to the gradual then precipitous decline in oil prices.
If the price of oil stays low, and extraneous factors are...
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Last
$12.43 |
Change
0.080(0.65%) |
Mkt cap ! $38.43B | |||
| Open | High | Low | Value | Volume |
| $12.44 | $12.52 | $12.40 | $52.06M | 4.180M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12026 | $12.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.44 | 77898 | 5 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| TCL (ASX) Chart |