Index funds are based on index weightings, eg NZX50, so fund managers are pretty much compelled to buy those stocks and to adjust their holdings as prices move. Other non-index funds often keep fairly close to the index, rather than risk badly under-performing!
Expect more activity this week and next week before the index changes take place on end of 18th Sep trading day. Might see testing that $3.50 mark in the medium term. With OCR cut almost certain and NZD tracking lower by month, its all looking good.
Expect more activity this week and next week before the index changes take place on end of 18th Sep trading day. Might see testing that $3.50 mark in the medium term. With OCR cut almost certain and NZD tracking lower by month, its all looking good.
and we should also expect to see the throughput report for july/august released on Monday (or perhaps Tuesday Wednesday?). This might also see some SP movement, not sure what to expect actually, I don't think we will see $9 GRM margins though?? lower??? anyone?? $7.50??
and we should also expect to see the throughput report for july/august released on Monday (or perhaps Tuesday Wednesday?). This might also see some SP movement, not sure what to expect actually, I don't think we will see $9 GRM margins though?? lower??? anyone?? $7.50??
Yeah, latest throughput should be out early next week. Not sure about margins though. may be down little bit, I suspect.
and we should also expect to see the throughput report for july/august released on Monday (or perhaps Tuesday Wednesday?). This might also see some SP movement, not sure what to expect actually, I don't think we will see $9 GRM margins though?? lower??? anyone?? $7.50??
I am picking margins of around $5USD/bbl exchange rate of $0.66 but thru put will be very high due to recent shutdown etc
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