Commsec has made the following changes to thier ML ratios.
Thought it might be of interest. I have never seen them do so many at once. They may have done a risk assesment and decided they wanted to reduce exposure to some stocks that retail traders like to buy.
"Amendments have been made to the following lending ratios effective immediately: PPX 70% to 60%, NLX 50% to 40%, MRL 50% to 40%, SDG 50% to 40%, SGL 40% to 0%
City Pacific Ltd (CIY) lending ratio has been capped with no further lending permitted.
Thought it might be of interest. I have never seen them do so many at once. They may have done a risk assesment and decided they wanted to reduce exposure to some stocks that retail traders like to buy.
"Amendments have been made to the following lending ratios effective immediately: PPX 70% to 60%, NLX 50% to 40%, MRL 50% to 40%, SDG 50% to 40%, SGL 40% to 0%
City Pacific Ltd (CIY) lending ratio has been capped with no further lending permitted.
