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Laura Bessarati

๐Ÿ‘ค Speaker
935 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

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%.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So really a rough session all round.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

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.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

But as I mentioned, energy stocks down despite oil prices lifting.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

But if we look over the course of this week, we did obviously see oil prices coming down for most of it.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

And that means the energy sector is on track to lose ground.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

seven and a half percent.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

It's a worse performance in a very long time.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

The best performer today has been gaming technology firm Light and Wonder.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

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.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

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.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So top performer today.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Tabcorp has extended its losses.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

It was the worst performer yesterday, falling by almost 24%.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

And it's a similar story today.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

It's the worst once again, down another 14%.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

And this is after the regulator flagged major concerns with how it manages its anti-money laundering controls.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So they are currently working with the regulator to improve their AML framework.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

But the news has been enough to send its share price plunging.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Awesome.