The COB from ausbiz

CBA 1st place of big 4 🥇


Listen Later

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.

...more
View all episodesView all episodes
Download on the App Store

The COB from ausbizBy ausbiz


More shows like The COB from ausbiz

View all
CommSec Market Update by CommSec

CommSec Market Update

9 Listeners

Motley Fool Money by LiSTNR

Motley Fool Money

94 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

14 Listeners

The Money Puzzle by The Australian

The Money Puzzle

47 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

63 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

13 Listeners

Your Wealth by NAB

Your Wealth

8 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

17 Listeners

Buy Hold Sell, by Livewire Markets by Livewire Markets

Buy Hold Sell, by Livewire Markets

3 Listeners

The Call from ausbiz by ausbiz

The Call from ausbiz

7 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

10 Listeners

Investing Compass by Morningstar Australia

Investing Compass

26 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

37 Listeners

Chanticleer by Australian Financial Review

Chanticleer

18 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

4 Listeners