The Money Magazine had a write up on the failing of the ASX. Too much for me to convey here and not sure if it is online but they are saying it is in a downward spiral. Losing too many majors to the US, the big banks are a high % of the top 10, tech is a disaster, from 60 IPOs a year down to ten, only 4 i believe it said 2022 or 2023. Possibly have to join up with NZ, losing so much of the Super industry funds money not wanting to invest. You had to read the story sorry to get a real feel for how they describe the ASX failings. Even having the ASX as a company on the ASX is not the best.
Anyway, hopefully ARL finds some big pockets soon to help get us to a realistic MC and make us all a little richer.
This isn't the report that I read but some more digging might find it. I think you need to be a subscriber for the one I was reading.
More pain ahead: What's next for the Australian stock market | Money magazine
Pertinent market/industry news/articles, page-5525
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