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The COB from ausbiz
BHP digs into gains ⛏️
Season 3, Ep. 64
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It was another soggy resources day, balanced out by upbeat financials adding over 1%. BHP’s quarterly production miss and soggy guidance sparked a 3% selloff. In contrast, Challenger (up 8%) and Brambles’ (up 9.8%) quarterly updates were well received by the market. A broker nod saw Viva Energy add nearly 5%. Tech had a nasty day, the sector shedding 1.8%. There was a 7% slide in poster child Block, but the wooden spoon went to the 21% slump in Megaport. The S&P/ASX200 was edging ever closer to the August record high of 7628.9, until that pesky sell on close, ending the day at 7,593.
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