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Close Brothers Group at 1,383p - hit resistance with good reason

By Robert Sutherland Smith | Tuesday 22 April 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


There was an up-spurt of bullishness on bank shares in the thin market preceding the spring bank holiday. That included a surge in the price of Close Brothers Group (CBG) a small-cap (£2 billion) financial operation that consists of what is primarily a trade finance bank, an asset management business and market maker in smaller equities – Winterferflood Securities. Can Close Brothers build on these gains?



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