Market wraps 25th August 2023
Weekly Wrap 25 August
So far this reporting season, 192 companies have reported, with 64 beating expectations, 70 meeting expectations, and 58 falling short of expectations. 29 companies have been upgraded by brokers while 23 have been downgraded. This week, supermarket giants released results with vastly different reactions from investors. The Aussie share market rose 0.48% (Mon-Thu) as a rally on the Nasdaq in the US fuelled a rally for local tech stocks.
The local tech sector rose 2.5% over the four-trading days. In this week's wrap, Grady covers:
- (0:28) Investor reactions to the supermarket giants’ results
- (1:30) Inghams Group (ASX:ING) & Qantas (ASX:QAN) results
- (3:19) China’s impact on the mining sector
- (3:56) Healthcare companies being the brunt of investor sell-off
- (4:42) Key themes this reporting season
- (5:21) Best performing stocks in the ASX200
- (6:06) The most traded stocks & ETFs by Bell Direct clients
- (6:41) Three economic news items to watch out for