I bought in the IPO as part of diversification away from term deposits for the defensive portion of my portfolio. Fortunately I kept it to under 10% of that portion. I seem to recall 12 month term deposits being around 2.8% at the time and considered MXT's interest rate not being out of line with that. I've now moved it to the non-defensive part!
While I've seen markets as volatile eg. 1974, I can't recall interest securities ever collapsing so early. Usually it took several months or more for a slide in equity prices to work it's way through and often years for the mess to be sorted out. I guess fast price reaction to events is the penalty we pay for instant liquidity.
I bought in the IPO as part of diversification away from term...
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Last
$2.08 |
Change
0.010(0.48%) |
Mkt cap ! $2.204B | |||
| Open | High | Low | Value | Volume |
| $2.06 | $2.09 | $2.06 | $5.612M | 2.708M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13000 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.08 | 272687 | 9 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.07 |
Change
0.010 ( 0.18 %) |
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| Open | High | Low | Volume | ||
| $2.07 | $2.08 | $2.06 | 322768 | ||
| Last updated 15.38pm 03/05/2024 ? | |||||
| MXT (ASX) Chart |