Business
ASX growth shares will be VERY slow to recover. Here’s why – The Motley Fool Australia
From now, even when good news arrives for an ASX growth company, its share price will remain depressed because of this reason.
ASX growth shares have had an ordinary time of late, with the S&P/ASX All Technology Index (ASX: XTX) dropping more than 16% since its February high.
On Monday alone, the index fell 2.61%.
For many of the 435,000 Australians who bought shares for the first time last year, this will be the first time they experience losses.
It’s a costly lesson for the rookies, according to Bell Potter director of institutional sales and trading Richard Coppleson.
“A few months ago, this cohort of investors was stuffing…
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