A dour day on the market with the major index closing down 0.9%. With so much good news now priced in, and after three days of gains, it was just a bit too hard for the market to kick higher again. All sectors ended up in the red. AGL Energy was down 3.6% after announcing a $2.6 billion writedown due to the fall in power prices from sharper than expected uptake of rooftop solar as well as increased commercial wind and solar generation. Our top three VODs today are:
ASIC's Yanco: We are "not overly concerned" about the GameStop trading frenzy
Credit Suisse: The bank result to watch next week
How to play the reflation trade using ETFs
Hosted on Acast. See acast.com/privacy for more information.
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By ausbizA dour day on the market with the major index closing down 0.9%. With so much good news now priced in, and after three days of gains, it was just a bit too hard for the market to kick higher again. All sectors ended up in the red. AGL Energy was down 3.6% after announcing a $2.6 billion writedown due to the fall in power prices from sharper than expected uptake of rooftop solar as well as increased commercial wind and solar generation. Our top three VODs today are:
ASIC's Yanco: We are "not overly concerned" about the GameStop trading frenzy
Credit Suisse: The bank result to watch next week
How to play the reflation trade using ETFs
Hosted on Acast. See acast.com/privacy for more information.
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