The Market Wrap with Grady Wulff, Market Analyst at Bell Direct

Money News

Travel agency bookings for domestic flights have been softer, which could cause problems for Webjet.

MARKET WRAP:

• ASX200: up 0.52%, 8386
• GOLD: $3,292 US/ounce
• BITCOIN: $165,309 AUD
• Seek on track to hit the top half of guidance on its revenue and profit, sending shares up almost 7% to $23.69.
• Commbank up 1.5%, NAB up 1.2%, and ANZ up 0.3%.
• Even after signalling 1500 job losses would be on the way, Westpac still rose 0.2%
• Woodside and Santos both up by more than 1%.
• WebJet was flat as it reported a net profit after tax of $5.1 million.
• Mayne Pharma dropping almost 30% to $4.55 as its $672 million takeover by US-based Cosette looked under threat.
• James Hardie lost 6.2% after saying the US renovations market was not as strong as it would like.
• Down more than 1% was Aristocrat Leisure, Computershare and Suncorp.

CURRENCY UPDATE:

• AUD/USD: 64.4 US cents
• AUD/GBP: 48 pence
• AUD/EUR: 57 Euro cents
• AUD/JPY: 92 yen
• AUD/NZD: 1.08 Dollars

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