These are trending lower because the AUD has been holding up the last few weeks despite commodities getting sold off. Medium term there will be no divergence (AUD and commodities) and with the Fed increasing rates tomorrow the carry trade will get squeeze again. If your a long only manager in Australia there aren't enough plays to diversify your AUD / mining / banks exposure so I think PGF should rally on any sell off in the AUD. They look very cheap with the discount to NTA when others (PMC and MFF) are trading at a premium.
These are trending lower because the AUD has been holding up the...
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Last
$2.28 |
Change
0.010(0.44%) |
Mkt cap ! $1.062B | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.30 | $2.26 | $882.6K | 386.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34706 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 9738 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| PGF (ASX) Chart |
