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The COB from ausbiz

Stacks of stocks 🥞

Season 2, Ep. 220

It’s always disappointing when the market trades like a Friday and yet there is still one more day to go. The lacklustre lead overnight sparked less-than-stellar early trading, while some mid-afternoon buying enthusiasm was wiped out by the close. After consecutive blockbuster days, it was inevitable that the tech sector took a breather, closing down 1%. It was at the bottom of the leaderboard but the energy sector ended up taking the title, by a hair. Top performing ASX200 stocks were hard to come by, and were quite a mixed bunch with AGL, Appen and Sydney Airport. The latter was given the ACCC green light to be taken privately by the superannuation consortium. After all that - the local market closed 21 points lower, or -0.3% and underperforming the region.


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