Most of what is being said is "banks have fallen this far so they will fall another 10%". Maybe not! The xao is down 2% along with the other Asian markets and today the banks are down considerably less than that. Particularly MQG and other financial stocks. Resources have fallen by more than double what the financial stocks have fallen today and this is a world wide trend. This indicates sentiment is moving toward the banks again because they are perceived to be better value than other sectors. IMO now is a good time to be buying banks and financial stocks because they are currently out performing the rest of the market. But making a profit still depends on the general market improving.
Most of what is being said is "banks have fallen this far so...
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Last
$35.82 |
Change
-0.020(0.06%) |
Mkt cap ! $110.8B | |||
| Open | High | Low | Value | Volume |
| $35.71 | $35.90 | $35.59 | $84.50M | 2.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 777 | $35.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.84 | 3404 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| NAB (ASX) Chart |