Connect with us


Why the Magellan (ASX:MFG) share price outperformed today



The Magellan Financial Group Ltd (ASX: MFG) share price is outperforming the S&P/ASX 200 Index (ASX: XJO) today. At the close of trade today, Magellan shares are up 0.88% to $48.40. That is a significant departure from the broader ASX 200 Index, which ended the day in the red with a loss of 0.3% to 6,968 points.

Today’s move is the latest in what has been a pretty good month to hold Magellan shares. Since 9 March, the Magellan share price is up close to 15%. However, saying that Magellan is still in the red for 2021 so far. Since the start of the year, Magellan shares are down 8.7% on today’s pricing.

So why are Magellan shares outperforming today?

Magellan share price supported by FUM?

A large contributing factor to…

Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
Moderna announces deal to supply Australia with 25 million vaccine doses – 9News
ASX 200 drops again, Pushpay rises, CSR climbs on Wednesday 12 May 2021