CBA is considered to be a safe haven. So ironically, when risk sentiment worsens, the traders move out of the other big 4 which have lower P/E ratios and higher dividend yields, into CBA, increasing its P/E ratio and lowering its dividend yield. When risk sentiment improves, the reverse happens but it is less conspicuous, i.e. CBA goes down, or improves only marginally while the other Big 4 improve in leaps and bounds.
why is this still going up?, page-3
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Last
$135.64 |
Change
-0.550(0.40%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $135.88 | $136.07 | $134.88 | $191.5M | 1.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11 | $135.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $135.70 | 1016 | 2 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |