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The COB from ausbiz
Fourth day's a loser
Season 2, Ep. 202
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The local market extended its losing streak ending the day down 0.57%; not great but it would have been much worse without the miners. Fortescue ended the day 8% higher, it seems green (hydrogen) is its colour. That being said, the commodities complex in general improved on improved sentiment around China's property market. In fact, the top five performers by market cap and percentage points were in metals and mining, with gold also a standout. Xero was the worst performer by percentage change, down +12% (see stock of the day,) the info tech sector proving the biggest weight overall.
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