Flat fizzer Friday 😑 - a podcast by ausbiz
from 2022-02-18T04:51:33
Geopolitical jitters kept the market under pressure today, but lifted gold stocks as the commodity price hit $US1900oz. Magellan was the biggest mover on the S&P/ASX200, closing up almost 19% after its report and promises of better times ahead prompted investors to catch that falling knife. No one came close to the controversy-stricken fundie, but Netwealth rebounded 5.7% after its post-report dip. Tech was flat outside of Humm, which bounced 6% after the board recommended the Latitude buyout. And the healthcare sector sagged on the back of CSL profit taking; it closed 3% lower. After missing profit expectations QBE settled at the bottom of the pile, down +8%. Origin shares took a 8% hit despite the brokers being positive on its early Eraring closure. After flat-lining all afternoon, a late selloff saw the S&P/ASX200 close down 75 points, or -1%.
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