Not really, a bullish open on the NZX and then the normal trashing once the ASX swings into action, same old.
Printable View
Here we are again, after a bit of a rocky day, trading on the NZX only 2 cents above yesterdays close, meanwhile on the ASX its 15 cents higher. My sentiment remains that for A2, the Aussies seem more exuberant that the Kiwis, which is usually not the case (except when the ASX first opens at midday)
As I was saying, Aussie close more bearish at $15.31NZ, was worse last night though.
Looks like the market wants to see the results in print before taking it higher, at least it held in the 14 to 15 range.
Bit too early to call results of China's massive online 11:11 sale, but A2 appears 'well positioned.' Number 1 even!!
Attachment 12083
For those who want to find out more...... here's a good background article from ABC (Written from an Aus angle and not sure whether they are claiming A2 as an OZ company.)