They do not like travel, REIT or financials today. They like energy and then agricultural stocks like Elders and Graincorp.
We export stuff that the world wants- but we are a net importer of oil.
Do financials suffer on macro fears?
I looked it up. There are about 17million shareholders using trading platforms in Russia. Their market has been closed for a week and it is expected to fall. Do you think that this cohort of investors, voters, influencers etc could be pondering?
Long term, the SP will depend somewhat on WBC keeping mistakes to a minimum and getting expenses down- these are linked- they took on a lot of staff to deal with legacy errors.
IMHO DYOR
WBC Price at posting:
$21.76 Sentiment: Buy Disclosure: Held
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