DSK 4.38% 65.5¢ dusk group limited

Why DSK dropping in SP on US rate fears?, page-3

  1. 52 Posts.
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    I don't think its based on US interest rates per say. Its more to do with it being a consumer retail business.

    Consumer retail hasn't done well since the new covid wave has hit. I believe the feeling is that people are not going to shops so sales will be down and a worry that things could get worse i.e. more restrictions or people reduce shopping habits even more.

    I think US interest rate issue has just created a negative sentiment in the market in general currently or a risk off approach.

    Looking at Fridays move in particular, the drop from 2.89 to 2.83 happened after 4.00PM so isn't backed up by volume at this stage.


 
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