Any news today? or is a 3% up day on no news not that strange for FBU?
(I'm a recent investor)
Nothing specific, however of late FBU price action is driven mainly out of ASX. Going by that big crossing of 3.5mln shares at 7.38 a piece, someone wants in and other want out.
Dwelling approvals posted another very strong surge in March, up 17.4% vs expectations of a 3% rise and following a 20.1% jump in Feb. The March monthly read is the second highest on records going back to the early 1980s, only just pipped by a spike at the tail end of the Sydney-Melbourne high rise boom in late 2017.
”When investors are euphoric, they are incapable of recognising euphoria itself “
Dwelling approvals posted another very strong surge in March, up 17.4% vs expectations of a 3% rise and following a 20.1% jump in Feb. The March monthly read is the second highest on records going back to the early 1980s, only just pipped by a spike at the tail end of the Sydney-Melbourne high rise boom in late 2017.
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