Aside from the strength of our currency which drags on exporters, the big problem is in the make up of our index which is heavily weighted towards materials and financials.
Within these sectors globally ASX stocks are actually outperforming their peers:
YOY performance (approx):
BHP -24%
RIO -28%
Xstrata -35%
Vale -35%
XXJ ASX financials -11%
BKX (US bank index) -17%
EUFN (Euro financials ETF) -30%
under performing, page-6
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,075.7 |
Change
87.800(1.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,987.9 | 8,079.0 | 7,979.5 |
| XJO (ASX) Chart |