ASX is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
July trading volumes show cash market: 32.5m, (lower than the 12-month average of 38.4m) and total value traded in July rose to $140.5bn, (July 2019’s $126.8bn).
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Derivatives total of 8.6m contracts, down 22% on a year ago and much lower than the past 12-month average.
Volumes are expected to remain below the elevated levels of the past few months.
ASX is a quality business and we look to add to the position at lower price levels.
