Source: Sky News Australia
ASX 200 finished the day down on Thursday
Jun 29, 2023 · 2m 15s
https://www.youtube.com/watch?v=mtcUYig95Nw
Ed Boyd who's been watching the marks today no pictures you know about those and it was those that led the market higher Ross Tech shares were really the star performer on the stock market today gaining value on the presumption The Reserve Bank May hold interest rates next week so the tech sector it gained about 1.8 today Banks they were up to utilities and property company slipped
ASX it had a pretty flat day of trading look at this it only finished down by 1.6 points so it's pretty much hovering at that 7200 Point level but two Health technology stocks the medicine maker mesoblast and genetic treatment business cliniville Pharmaceuticals they were among the top performers and EML the international payments provider that was up 2.44 percent the potential interest rate hold next week created
some other winners including the two property classified businesses domain and Rea group and Domino's Pizza which relies on consumer spending jumped as well up about two percent that obviously comes off the back of today's retail sales figures for me showing sales up about point seven percent in the months obviously people spending money in Foods cafes restaurants there there was also some deal activity today Mount Gibson
iron it sold off an iron ore mine in Western Australia along with some Port Logistics assets at Geraldton to the smaller company Phoenix resources for 10 million dollars in cash and 60 million dollars worth of shares so both companies today lifted after the announcement this morning with Phoenix up almost four percent Vega cheese and colon Foods they both lost value again today and toll road operator
trans Urban it's slumped after the a Triple C raised concerns with trans Urban's proposal to acquire a majority interest in Horizon roads which operates the East link Toll Road in Melbourne so transurven was down two percent they operate a bunch of All rights in Melbourne's that's the concerns there from the regulator Ross that's interesting just one small thing bigger cheese said it's selling off the factory
that makes Vegemite a couple of days ago and the share price seems to have tanked from there something's going on there you've got any sensors what it might be well they did sell they've sold it to Charter Hall group and a lease back arrangement for at least I think the next 10 15 years the lease is going to run for but it is a surprising fall
in Valley for bigger cheese I think their Shares are now at the lowest level since roughly 2013 so almost 10 years
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