Hopefully this week we can turn a corner. The last week has been interesting battle between bulls and bears. We went from large daily swings to trading in very tight ranges with no change in fundamental news. In the last week the largest net buying group was UBS who added $5.7m~, biggest seller was CMC markets with -$2.3m. If we zoom out further to the start of 2024 UBS still has traded 1.6bn~ worth of shares with a net change value of -$60m~ so who knows whether they are re-positioning for real this time, or it's just more smoke and mirrors.
We also have the AGM to look forward to. Hopefully there's some exciting tid-bits or new information released.
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