Steve Daghlian

So it must be a nice feeling when the stock is the best performer on the market when you get announced as the big boss.

So it certainly has been one of the big movers on markets for a number of years now.

And I will just mention WiseTech as well.

The sixth best performer on the market today, 3.5% higher, seems to be in response to a broker note, which highlighted that the sell-off in the tech sector might perhaps be overdone.

We mentioned it is one of the worst performers of the year so far.

And remember that WiseTech shares are still down about 40% over the past six months or so.

And one of the weights, I guess, on some of these software as a service companies is the threat of AI on creating more competition.

Absolutely.

I think that wraps it up.

Have a great evening, everyone.

Make sure to tune in to our morning podcast with Gil and also James.

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Another day, another decline for the Aussie market as investors brace for a busy talent of the week.

Good afternoon, I'm Steve Daglian.

I'm Laura Bessarati.

It's Wednesday the 29th of April.

Welcome to the CommSec Market Update.

I think the interesting thing there as well is that, yes, it's the longest losing streak we've had in roughly four years.