It’s a crowded trade for stocks

By Christopher Hindmarsh
June 25 2018 - 5:00am
It's a crowded market when it comes to finding compelling cases of low valuations on the ASX at the moment. Generally reliable bank stocks are essentially off explorers' charts as lending tightens and property values drop off.
It's a crowded market when it comes to finding compelling cases of low valuations on the ASX at the moment. Generally reliable bank stocks are essentially off explorers' charts as lending tightens and property values drop off.

The composition of the Australian equity market at present means that around 32 per cent of the benchmark index is in financials, mainly banks which are expected to show negligible earnings growth as tighter lending standards and falling property prices slow loan growth.

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