Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Argo Global Listed Infrastructure Ltd. ( (AU:ALI) ) is now available.
Argo Global Listed Infrastructure Ltd. reported a slight decrease in its net tangible asset (NTA) backing per share from $2.65 in September to $2.64 in October. Despite a modest rise in global infrastructure stocks, the US Federal Reserve’s hawkish stance led to mixed performance across the sector. Gas Distribution and Electric Utilities outperformed due to strong earnings and growth forecasts, while Water Utilities lagged. The company held its 10th Annual General Meeting, highlighting its strategic focus on global diversification and infrastructure opportunities.
More about Argo Global Listed Infrastructure Ltd.
Argo Global Listed Infrastructure Ltd. provides exposure to a diverse portfolio of global infrastructure stocks. The portfolio is actively managed by Cohen & Steers, a leading specialist global real assets fund manager managing over A$140 billion for institutional clients and sovereign wealth funds. The company is listed on the Australian Securities Exchange under the ASX code ‘ALI’.
Average Trading Volume: 82,112
Technical Sentiment Signal: Buy
Learn more about ALI stock on TipRanks’ Stock Analysis page.