The Market Wrap with Carl Capolingua, Content Editor at Market Index

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7d ago 7:24

MP3•Episod hem

QBE will face the music from ASIC, with investors curious about whether or not the heat will come for other insurers as well.

MARKET WRAP:

ASX200: up 0.13%, 8,216
GOLD: $2,766 US/oz
BITCOIN: $100,339 AUD

Tech stocks fell again – the worst performing sector over the last week & month..
Another sell-off for Wisetech Global shares pushed the company back down 1.4% to $106.07.
Woolworths finished up 1.6% to $33.05 and Coles was 1.4% higher to $18.16 after their stance against the ACCC.
Qantas shares have completed a remarkable turnaround since the end of the Joyce era, closing at a record high today, up another 3.4% to $7.82.
And the gold miners had another good day, with Evolution up 1.9% and Perseus up 1.7%.
Domain Holdings share price fell by 3.2% after CEO Jason Pellegrino said he would step down
QBE was pushed back by 0.4% after ASIC alleged the insurer had misled customers over discounts.

CURRENCY UPDATE:

AUD/USD: 66.67 US cents
AUD/GBP: 51.4 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 101 Japanese yen
AUD/NZD: 1.10 NZ dollars

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