Laura Bessarati
๐ค SpeakerAppearances Over Time
Podcast Appearances
The materials sector, our second largest, down by 1%, but plenty of other sectors falling in excess of 2% as well, including utilities and real estate as well, and plenty others down by over 1%.
So really a rough session all round.
Energy stocks are also under pressure today, surprisingly, because we have seen oil prices bouncing back up amid these rising tensions between the US and Iran, which has really cast doubt over the potential for a deal to bring the war to an end.
But as I mentioned, energy stocks down despite oil prices lifting.
But if we look over the course of this week, we did obviously see oil prices coming down for most of it.
And that means the energy sector is on track to lose ground.
seven and a half percent.
It's a worse performance in a very long time.
The best performer today has been gaming technology firm Light and Wonder.
It was out with a mixed first quarter update yesterday, but largely missed market expectations and that sent its share price to a three year low in yesterday's session.
Today, though, the company finally snapping its five day losing streak and lifting by roughly 12%, which reverses almost all of the losses over the past week.
So top performer today.
Tabcorp has extended its losses.
It was the worst performer yesterday, falling by almost 24%.
And it's a similar story today.
It's the worst once again, down another 14%.
And this is after the regulator flagged major concerns with how it manages its anti-money laundering controls.
So they are currently working with the regulator to improve their AML framework.
But the news has been enough to send its share price plunging.
Awesome.