NAB 1.00% $26.22 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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Mkt cap ! $86.48B
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$26.36 $26.44 $26.18 $123.2M 4.687M

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No. Vol. Price($)
4 65352 $26.22

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Price($) Vol. No.
$26.23 3139 1
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Last trade - 16.10pm 14/05/2021 (20 minute delay) ?
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