A choppy day on the local bourse as volatility made its presence felt, with investors bracing for higher inflation. The ASX 200 gained 0.22% to finish at 7,045.90. - a podcast by ausbiz

from 2021-05-24T07:02:01

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A choppy day on the local bourse as volatility made its presence felt, with investors bracing for higher inflation. The ASX 200 gained 0.22% to finish at 7,045.90. Kogan bounced back 15% today after dropping 13% on Friday on a trading update that revised down earnings for FY21. Comm Bank was the big gainer from the rotation into value - up 0.7% today to $98.76 after earlier hitting a record high of $99.

The iron ore miners were the biggest losers after spot prices pulled back over the weekend. Fortescue Metals down 4.2% to $21.37.


Our top three VODs today are:

Two lessons for learners: don't try to catch falling knives; don't pick your bottom

Three buys and a bonus from Scott Phillips

Michael's Monday buy, hold, sell | the trade


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