The Market Wrap with Henry Jennings, Senior Investment Analyst & Portfolio Manager at Marcus Today
Update: 2025-01-21
Description
Wesfarmers will close its online retailer Catch after it faced increased competition from Amazon, Shein and Temu.
MARKET WRAP:
- ASX200: up 0.66% to 8,402
- GOLD: $2,740 US/oz
- BITCOIN: $163,365 AUD
- Wesfarmers shares gaining 1.6% on the day to $72.88
- Liontown reported better than expected cashflow in its quarterly update, helping it to lift 11.9% to 70.5 cents a share.
- HUB24 shares leaping 11% to $72.43.
- Gains for NAB, Westpac and ANZ as the financial sector rose by 1.25%.
- Carnarvon Energy shares down more than 22% after Santos put joint-venture plans for a $3.2 billion oil and gas project on hold. Santos slid 2.2% to $7.13.
- CSL, Goodman Group and Xero all finished down.
CURRENCY UPDATE:
- AUD/USD: 62.42 US cents
- AUD/GBP: 50.8 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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