Large Outflow of Money Witnessed in ING Group N.V.

ING Group N.V. (ING) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.38 million) in ING Group N.V. (ING). On Friday, The value of composite uptick trades was $0.14 million, whereas, the value of composite downtick trades was $0.52 million and the ratio between the two was 0.27, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.34 million. The negative money flow of ($0.34 million) shows selling on strength. ING Group N.V. (ING) gained $0.15 intraday at $11.17 and registrered 1.36% for the week.


ING Group N.V. (NYSE:ING): stock turned positive on Friday. Though the stock opened at $11.24, the bulls momentum made the stock top out at $11.24 level for the day. The stock recorded a low of $11.05 and closed the trading day at $11.1, in the green by 0.73%. The total traded volume for the day was 2,744,270. The stock had closed at $11.02 in the previous days trading.

ING Groep N.V. (ING) is a financial services company active in banking, investments, life and nonlife insurance and retirement services. The Companys segments include: Retail Netherlands, Retail Belgium, Retail Germany and Retail Rest of World, which offer current and savings accounts, business lending, mortgages and other consumer lending, and Commercial Banking, which offers wholesale banking (a full range of products from cash management to corporate finance), real estate and lease. The Company provides a range of products and services to support its customers needs. The Company offers retail banking services to individuals, SMEs (small and medium sized enterprises) and mid-corporates in Europe, Asia and Australia. The Company operates Qustomer SPRL as a wholly owned subsidiary.

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