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An upbeat slew of company reports pushed the local market higher over the course of the day. Only energy and iron ore majors didn’t feel the love. After a rough few weeks Aussie tech led the way higher, adding 2.6%, neck and neck with financials adding 2.5%. CBA was the star performer on profits, dividends and a $2B buyback. Computershare added 11% on a decent report, while Temple & Webster sparked a short-squeeze rally despite reporting a slump in earnings and profits. Mineral Resources is sometimes a lithium market darling but not today, it was smashed 10% at the open on a jump in costs and thin iron ore margins, and sat at the bottom of the ladder all day. Keeping it company was Bapcor, closing down nearly 8%. After a bottom left-top right session, the S&P/ASX200 closed up 81 points or 1.1%.
Our top three VODs:
A strong Australia makes for a strong CBA; CEO Comyn on margins, recovery
Fat Prophets on the REITs' February reporting season
Temple & Webster powers in startup mode: Lucas
Hosted on Acast. See acast.com/privacy for more information.
An upbeat slew of company reports pushed the local market higher over the course of the day. Only energy and iron ore majors didn’t feel the love. After a rough few weeks Aussie tech led the way higher, adding 2.6%, neck and neck with financials adding 2.5%. CBA was the star performer on profits, dividends and a $2B buyback. Computershare added 11% on a decent report, while Temple & Webster sparked a short-squeeze rally despite reporting a slump in earnings and profits. Mineral Resources is sometimes a lithium market darling but not today, it was smashed 10% at the open on a jump in costs and thin iron ore margins, and sat at the bottom of the ladder all day. Keeping it company was Bapcor, closing down nearly 8%. After a bottom left-top right session, the S&P/ASX200 closed up 81 points or 1.1%.
Our top three VODs:
A strong Australia makes for a strong CBA; CEO Comyn on margins, recovery
Fat Prophets on the REITs' February reporting season
Temple & Webster powers in startup mode: Lucas
Hosted on Acast. See acast.com/privacy for more information.
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