CBA 1st place of big 4 🥇 - a podcast by ausbiz

from 2022-02-09T06:15:07

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An upbeat slew of company reports pushed the local market higher over the course of the day. Only energy and iron ore majors didn’t feel the love. After a rough few weeks Aussie tech led the way higher, adding 2.6%, neck and neck with financials adding 2.5%. CBA was the star performer on profits, dividends and a $2B buyback. Computershare added 11% on a decent report, while Temple & Webster sparked a short-squeeze rally despite reporting a slump in earnings and profits. Mineral Resources is sometimes a lithium market darling but not today, it was smashed 10% at the open on a jump in costs and thin iron ore margins, and sat at the bottom of the ladder all day. Keeping it company was Bapcor, closing down nearly 8%. After a bottom left-top right session, the S&P/ASX200 closed up 81 points or 1.1%.


Our top three VODs:

A strong Australia makes for a strong CBA; CEO Comyn on margins, recovery

Fat Prophets on the REITs' February reporting season

Temple & Webster powers in startup mode: Lucas



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