Why this ASX share bull market could run for longer
Tristan Harrison | April 23, 2021 8:45am |
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The fund manager Ben Griffiths believes that the ASX share bull market we’re currently seeing could go on longer than some investors are expecting.
Mr Griffiths published an article on Livewire Markets discussing his latest thoughts and some of the recent moves by the fund.
Why could the bull market go on longer for ASX shares?
The fund manager pointed out that cheap money and lots of liquidity are key reasons why the ASX share market is generating so much growth. But he commented that there are quite a few late cycle markers beginning to emerge. He pointed to the GameStop situation and the growth of special purpose acquisition companies (SPAC) as markers.
Read more about Healthcare shares rise on Business Standard. Healthcare stocks were trading with gains, with the S&P BSE Healthcare index rising 198.91 points or 0.85% at 23617.93 at 09:49 IST.
Healthcare stocks were trading with gains, with the S&P BSE Healthcare index rising 86.45 points or 0.38% at 23093.39 at 09:49 IST. Among the components of the S&P BSE Healthcare index, Poly Medicure Ltd (up 5.55%), Hikal Ltd (up 4.45%),Panacea Biotec Ltd (up 4.24%),FDC Ltd (up 4.14%),Max Healthcare Institute Ltd (up 4.05%), were the top gainers. Among the other gainers were Astrazeneca Pharma India Ltd (up 4.01%), Fermenta Biotech Ltd (up 3.82%), Thyrocare Technologies Ltd (up 3.37%), Dr Lal Pathlabs Ltd (up 2.87%), and Gufic BioSciences Ltd (up 2.65%). On the other hand, Take Solutions Ltd (down 4.35%), Suven Life Sciences Ltd (down 4.24%), and Sanofi India Ltd (down 3.74%) moved lower.
Skin Biopsy Market 2021 Detailed Analysis of Current Industry Figures with Forecast Growth | Major P pharmiweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pharmiweb.com Daily Mail and Mail on Sunday newspapers.
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