By Deepta Bolaky
It was another busy day for the Australian share market with a series of corporate results; namely for Asaleo Care, Crown, Cleanaway, Domino’s Pizza, Fletcher Building, Fortescue Metals, Lovisa, McPherson’s, Mount Gibson, McMillan Shakespeare, Nearmap, Seven Group, Sonic Healthcare, St Barbara, Stockland, Vicinity Centres, Wesfarmers, and WiseTech Global.
We have seen big moves in the markets after the earnings reports on Wednesday, which drove the Australian equity benchmark to record highs.
The Index added 31 points or 0.43% to 7,145 points. Cleanaway Waste Management, Domino’s Pizza, Netwealth Group, Webjet and Cochlear led gains and offset the huge losses that were seen in technology stocks like EML Payments and Wisetech Global.
Source: Bloomberg Terminal
Cleanaway Waste Management (CWY), a leader in sustainable total waste management solutions in Australia rose by more than 15% on upbeat results and emerged as the best performer of the ASX200:
Wisetech Global (WTC) share price plummeted by more than 25% despite strong growth, as the company warns of the effect of the COVID19 on the logistic activities.
After last year’s reports alleging that the company was manipulating its accounts, the downgrade of its forecast for the full year from a range of between $440 million and $460 million to between $420 million and $450 million has spooked investors.
By Deepta Bolaky
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