Weekly Wrap 9 February

09/02/2024 7 min
Weekly Wrap 9 February

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Episode Synopsis

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.