Maybe some investors took the latest Trading update by the CEO on board and decided to reduce exposure
This is only a portion copy of the Trading update :
" We saw residential lending volumes decline in the last quarter of the 2022 financial year, and the AFG Index
data for the first quarter of FY23 indicated that this trend has continued. Q1 FY23 volumes are 52% above
Q1 FY19 – being pre-stimulus – but activity has been impacted with AFG residential lodgements in October,
24% below the prior year at $7 billion. AFG Home Loans lodgements were down 42%, including AFG Securities
down 60%. This was driven by fierce competition from the major lenders underpinned by unprecedented
levels of cashback offers.
November trading is performing better but still 16% below the equivalent period in November 2021."
Maybe some investors took the latest Trading update by the CEO...
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Last
$1.41 |
Change
-0.020(1.40%) |
Mkt cap ! $380.4M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.43 | $1.38 | $359.6K | 256.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1514 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 3800 | 2 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$1.42 |
Change
-0.020 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.40 | $1.43 | $1.38 | 52933 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| AFG (ASX) Chart |