Market Close 25 Oct 24: WiseTech rebounds as CEO steps down

The Aussie share market closed the week on a modest gain, despite significant fluctuations earlier. The ASX 200 remains down about 0.9% over the past five days, marking the end of a two-week winning streak. Major highlights included WiseTech’s 13% rise after its CEO announced he would be stepping down into a consulting role following media scrutiny. Other notable performers were Qantas, buoyed by strong demand and staff bonuses, and HMC Capital, which raised funds for a large data centre acquisition. Next week’s action-packed calendar features key earnings from major U.S. tech firms, Australian quarterly inflation data, and central bank meetings, setting the stage for potential global market shifts.   The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.