banks - not rocket science but....

  1. 3,694 Posts.
    Since wealth management seems to be their weakness and since a lot of their funds are in local equities I ran daily closing figures for the asx200 for the half year to 31/12/02 and produced an average. Then I've done the same for this half up to today.

    From 1/7/02 to 31/12/02 the average of the daily close was 3061.

    From 1/1/03 to today the average is 2921.

    Assuming I haven't made a mistake (Excel hates me) I was surprised at the margin.

    As I say, not rocket science.
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