Agree that current market sentiment is -ve.
However, based on today's closing prices, ANZ, SGB, WBC, ANZ are all yielding >5.0% (prior to franking credits), all with PE's <15.0.
Let's assume Martis' scenario of a further 500pts (8%) fall in Xao/Xjo eventuates. With this further decline, yields on these stocks will be 5.5%+ (before F/credits), and deemed as attractive buying by Fund Mgrs and investors alike. Probability would be that our markets will recover accordingly. {imo}
Agree that current market sentiment is -ve.However, based on...
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Last
$64.41 |
Change
1.000(1.58%) |
Mkt cap ! $12.48B | |||
| Open | High | Low | Value | Volume |
| $63.49 | $64.41 | $63.39 | $28.91M | 451.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | $64.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.43 | 629 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |