The COB from ausbiz

Goodbye gains đź‘‹


Listen Later

A rare down day for the local market, at least in recent times. The S&P/ASX 200 slipped 0.21%, closing trade at 7112.8. The performance mirrored that of Wall Street and most of the Asian region. Blackmores needed an urgent dose of vitamin C, tumbling 10.4% following the release of its full-year results. Codan, Evolution Mining, Origin Energy and ASX also suffered earnings-related prangs, slumping between 4% to 10.1%. There were some big winners, however. IPH Limited soared 15.5% after its full-year results, taking out top gong for the session. It was closely followed by NRW Holdings, Treasury Wine Estates and IRESS which rose 5.8%, 4.1% and 2.2% respectively. On the macro level, there was little reaction to a mixed Australia’s jobs report, reflecting that the underlying backdrop remain much the same: conditions are tight and wage pressures are building. The market is fully priced for a 40-pointer from the RBA in September. 


Our top three VODs:

Two small 'buys' in metals

How to go from zero to hero as an investor

A three stock wrap of reporting season


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, with James Kirby by The Australian

The Money Puzzle, with James Kirby

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