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Argo Investments Limited ( (AU:ARG) ) has shared an update.
Argo Investments Limited reported an increase in its net tangible asset (NTA) backing per share, rising from $9.90 in April to $10.27 in May. The Australian share market showed continued growth, with the S&P/ASX 200 Accumulation Index climbing by 4.2% amid easing global trade tensions and a domestic interest rate cut. Argo’s diversified portfolio, which includes significant investments in major Australian companies like Macquarie Group and CBA, benefits from the market’s positive momentum, positioning the company well for future growth.
More about Argo Investments Limited
Argo Investments Limited is one of Australia’s oldest and largest listed investment companies, founded in 1946. It actively manages a diversified portfolio of Australian shares with a low-cost, internally managed business model. The company focuses on maximizing long-term shareholder returns through reliable fully franked dividend income and capital growth, maintaining a conservative, long-term investment approach.
Average Trading Volume: 321,567
Technical Sentiment Signal: Strong Buy
Learn more about ARG stock on TipRanks’ Stock Analysis page.