NAB 0.58% $27.64 national australia bank limited

Short NAB - MSCI Reweightings & Buyback Suspension

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    From Citiwarrants


    Short NAB - MSCI Reweightings & Buyback Suspension

    We are looking for a short term peak in the banks by the end of September when S&P/ASX index change demand will be exhausted. The pick of the banks for a short side trade would be NAB with a break of short term support at $35.20 looking imminent. Many of those cautious over a short trade in NAB have cited the buyback as a reason for looking elsewhere.

    However, at the end of September NAB will suspend its buyback as they enter their blackout period before their Nov 1 result.

 
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Last
$27.64
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-0.160(0.58%)
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$27.67 $27.67 $27.40 $214.2M 7.773M

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No. Vol. Price($)
2 35977 $27.64
 

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Price($) Vol. No.
$27.65 31411 3
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$27.60
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