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Ready for takeoff 🛫
Description
Stairway to seven heaven... the ASX/S&P200 closed above the 7000 mark rallying 0.71% to 7048.1. Most sectors ended the session in the green, apart from consumer staples and utilities which fell 1.87% and 0.55% respectively. Reporting season news was the key driver for share price moves. Insignia Financial was the big winner, popping 11.3% after posting a decent full year profit. Paladin, Nine Entertainment and Pendal Group also rose thanks to investors taking kindly to their numbers. City Chic got a real undressing, shedding more than 18% as its report missed expectations. Domino's got burnt by 9.3%, despite saying costs were on the down heading into FY23. Wesfarmers, OZ Minerals and Ramsay Health Care - to name a few - are due to drop reports tomorrow. All before the blockbuster event of the week... Jackson Hole in the US.
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