Minor win for the market majority 🥇

The local marketed moved with less conviction than Aussie voters over the weekend; while chewing over the Federal election outcome the S&P/ASX 200 closed up a measly 0.05% to 7148.9. Materials once again supported the broader market - adding 0.8%. Codan was the stock specific winner, ending the day up 14.5% after flagging its second half profits should match its record $50 million first half success. Imugene managed to escape its recent rut after telling investors its in a strong position to round out the financial year; it finished up 12.5%. Elders galloped ahead another 8.9% thanks to a 30-40% boost to its guidance and $0.28 per share dividend. On the other side of the ballot, Polynono and Novonix shed 7.5% and 4.3% respectively. The price action reflected a slow start to the week on the data front and concern about China and COVID, but then again markets may just be warming up before the FOMC meeting minutes on Wednesday. Our top three VODs: Moody Monday on the marketsSector picks for nervous investorsPosition your portfolio for tougher times ahead: Braitling Hosted on Acast. See acast.com/privacy for more information.