Market wraps 9th February 2024

Weekly Wrap 9 February

Reporting season has kicked off and 13 companies released their financial results so far, with 6 beating expectations and 7 meeting expectations.

In this week’s wrap we highlight the results and investor reactions to some key companies. Locally, from Monday to Thursday, the ASX200 fell 0.78%, weighed down by the materials and energy sectors and tracking the heavy losses on global markets.

In this week’s wrap, Grady covers:

  • (0:22): how Amcor’s cost controls offset the impact of lower volumes
  • (0:56): what's driving performance of REITs like Centuria Industrial
  • (1:28): ResMed exceeding expectations across all key metrics
  • (2:11): why Champion Iron’s share price fell
  • (3:09): investors impressed by Transurban’s results
  • (5:42): the most traded stocks & ETFs by Bell Direct clients
  • (6:14): economic data to watch next week.

Read the transcript here