selloff

Macquarie stock down 10% y'day, capitalization now 60% below peak

Posted on Fri, 2008-08-29 09:32

Macquarie shares dropped almost 10% in price in heavy trading on Australian stock exchanges yesterday and are now down 24% from their August 13 price of A$54.10. Yesterday they dropped from A$46.05 to A$41.61. (A$ trades in the range US85c to 90c.)

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