EPISODE · Aug 17, 2020 · 13 MIN
The ASX200 closed down 0.81%. JB Hi-Fi was the star performer results-wise today, with profit up 21% .
from The COB from ausbiz
No rhyme or reason to the market today with the ASX200 closing down 0.81%. Chinese markets were up this afternoon but the Nikkei was down 0.8% thanks to worse than expected GDP numbers. JB Hi-Fi was the star performer results-wise today, with profit up 21% to just over $300 million thanks to all the big screen tellys and other goodies that Australians bought during the lockdown, not to mention early access to super.Things were not so rosey for BEN and BSL, which saw profit down 49% and 915 respectively. Our top three VODs today were:Pain: Banks will take a hit from looming spike in corporate insolvenciesBEN CEO: "The opportunities to take market share are real"GWA Group CEO: We'll have to be more nimble in the 4th quarter Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
No rhyme or reason to the market today with the ASX200 closing down 0.81%. Chinese markets were up this afternoon but the Nikkei was down 0.8% thanks to worse than expected GDP numbers. JB Hi-Fi was the star performer results-wise today, with profit up 21% to just over $300 million thanks to all the big screen tellys and other goodies that Australians bought during the lockdown, not to mention early access to super.Things were not so rosey for BEN and BSL, which saw profit down 49% and 915 respectively. Our top three VODs today were:Pain: Banks will take a hit from looming spike in corporate insolvenciesBEN CEO: "The opportunities to take market share are real"GWA Group CEO: We'll have to be more nimble in the 4th quarter Hosted on Acast. See acast.com/privacy for more information.
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The ASX200 closed down 0.81%. JB Hi-Fi was the star performer results-wise today, with profit up 21% .
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