COVID (finally) butchers Bunnings 🌭

It was another positive session as a slew of top shelf companies delivered earnings, sparking sharp share price reactions. Heading into the close however, most of the day's gains were wiped out as the geopolitical news cycle turned again with reports of shelling in disputed Ukranian territory. Top of the ladder was intellectual property hub, IPH which was up more than 9%, followed by Challenger Financial and Cleanaway. CSL's share price is still basking in yesterday’s report, up another 5%. COVID thumped Wesfarmers with costs, closures and supply chain disruptions, it shed 7%. Property tech firm Domain also struggled, closing down 6%. It was another blue-chip day, with the S&P/ASX200 closing up 0.2%, while small and mid-caps finished weaker. Our top three VODs:Margin compression still plaguing WesfarmersReporting season stock picking with John MilroyThe three big themes of February reporting season Hosted on Acast. See acast.com/privacy for more information.