Why would you look at one particular stock an assume that the same applies across the entire industry though? Thats like me saying, look at Boral today.
Now if you had prepared an index of all brick makers or large construction companies throughout Australia and that index was smashed 10% then I would say your argument had some weight.
Lendlease Group is supposedly the largest construction company in Australia per google. Over the last year it has gone from ~$20 down to nearly $11 but is back at nearly $13. I am not sure the extent of shares this has happened to but I know the lithium market and bank sectors have also had this hit and came back somewhat. What research do you have that supports a further retrenchment from these large falls that have already occurred?
Or are you simply making a bear market statement because the market already has that outlook?
Cheers
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Last
$38.95 |
Change
0.020(0.05%) |
Mkt cap ! $119.9B |
Open | High | Low | Value | Volume |
$39.15 | $39.40 | $38.95 | $111.8M | 2.861M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 428 | $38.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.98 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9606 | 38.930 |
1 | 256 | 38.920 |
2 | 578 | 38.910 |
5 | 15126 | 38.900 |
1 | 2098 | 38.890 |
Price($) | Vol. | No. |
---|---|---|
38.980 | 1000 | 1 |
38.990 | 2970 | 1 |
39.000 | 4040 | 2 |
39.030 | 4600 | 1 |
39.100 | 4250 | 5 |
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