Absa Group (JSE: ABG) share price, discussion & sentiment

Big seller at the close, algos working overtime again

R253.98, through 250 holding hey

Credit impairments still reasonable relative to peers, that's what matters here.

absa's got decent upside if they can keep net interest margin up while loan growth stays solid. big four banks all cramped but absa's credit quality is holding better than the rest. issue is rate cuts coming, gonna squeeze margins. need to see earnings surprise to justify pushing past r260.

r253.53 now, lekker. through the 250 level

absa sitting pretty at r253.53, broke through that r250 resistance. balance sheet is solid compared to the others, dividend yield still decent. need to see if they can grow loan book without hammering credit costs, that's the play here. let's get a contract with a big customer and then it will run, simple as that.

algos hammering below R250, classic pattern this week

R253.53, testing that R250 support properly

R253.53, good day to top up

R253.53 and holding, not bad

interesting numbers on net interest margin last quarter, holding up better than i expected given the rate cuts. if they can keep loan growth ticking over without blowing out credit costs, reckon we're looking at mid-teens ROE which isnt terrible for a bank in this environment. R253 sitting nicely above that R250 support so worth watching how it holds.

Come on ABG, break through R260!

@bullhammer_sa yep, through 250 and we run

NIM holding up decent even with rand strength lately, but the real play is waiting to see if credit growth kicks in once the rate cycle turns. ABG's got room to move once people stop sweating the fed noise, dividend's fat enough to hold through the chop.

@jse_tttrading ya exactly, the margin story is real

@guppy_jse yield is lekker at these levels, serious now

Banks are getting hammered on rate cut expectations but ABG's net interest margin still looks solid with the rand weak. Long-term view hasn't changed, just noise around the Fed and when SA cuts, the real question is whether credit demand picks up when things stabilise.

PUSH THROUGH R250 NOW!!!

R248.17 now, come on R250!

Dividend yield looking solid at these levels