Macquarie Equities Australian equity strategist Matt Brooks sees the current retracement in reopening trades amid increasing European lockdowns as a "buying opportunity".
"In our view, the current retracement in reopening trades – including lower oil prices and falls in travel stocks – is a response to a Third Wave in Europe and negative vaccine news," he says.
"We see this as a buying opportunity in reflation trades and maintain a bias to value."
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Last
$20.81 |
Change
-0.240(1.14%) |
Mkt cap ! $4.616B | |||
| Open | High | Low | Value | Volume |
| $21.06 | $21.12 | $20.66 | $19.92M | 954.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2373 | $20.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.84 | 5219 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FLT (ASX) Chart |