The COB from ausbiz

The local market kicked higher this morning after a weaker than expected inflation figure. The major index finished up 0.44%, just below its pre-COVID high.


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The local market kicked higher this morning after a weaker than expected inflation figure. The major index finished up 0.44%, just below its pre-COVID high. All sectors rose, led by REITs, financials and energy.

With that in mind, an interesting tweet from CommSec this afternoon: "6.1bn shares have changed hands today, worth $6.9bn. 675 stocks rose, 701 fell & 382 finished unchanged". It was the smaller stocks that tended to get hit hard today while the bigger players enjoyed a green day. Our top three VODs today are:

Rich pickings in small and mid-cap M&A

Retailers have been whacked - is it the time to buy?

Why this broker believes Westpac is the "ugly duckling" of the banks


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