Beforepay's IPO aftermath 😬 - a podcast by ausbiz

That was a decent session to start the trading week with the ASX ending +0.3%, at 7,417. Better than expected Chinese GDP data and a surprise PBOC rate cut helped improve sentiment through the afternoon, though it still feels very much like a market in 'holiday mode.' On that, US markets are closed for Martin Luther King Jr Day ahead of quarterly earnings this week. BeforePay's share price crashed and burned today; spare a thought for investors sitting on a 42% loss on day one of trade. In better news, Wesfarmers investors shrugged off a warning about Omicron's impact on sales at its stores ex-Bunnings, and Adbri's share price responded favourably to a lime supply deal extension. Tomorrow's looking good already with Lynas and Rio Tinto's quarterly updates due. See you then. 

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