I agree this fall is purely based on sentiment, with sellers only seeing the worst-case scenario. While I think that investment funds have suffered in a real way, it's hard to neglect NGI's strong balance sheet and that their performance does not stray from other funds. The fund has already fallen from $3.55 to $1.30, that's a 64% loss that has been shaped by fear. NGI will come back from this in a real way and it already seems like many investors have caught on to the overselling. It wouldn't surprise me if there was a complete shift from oversold to overbought in the coming days as the institutions move out and punters move in.
I agree this fall is purely based on sentiment, with sellers...
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Last
$1.85 |
Change
-0.040(2.12%) |
Mkt cap ! $901.5M | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.90 | $1.84 | $4.768M | 2.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8130 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 8130 | 1 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| NGI (ASX) Chart |