Market Close 25 August 23: On track for worst month of 2023

The wins are over, with the market closing down by almost 1%. Unsurprisingly almost all of the sectors declined, with consumer staples and consumer discretionary the only two finishing higher. Wesfarmers were amongst the top performers thanks to their profit results with sales at Bunnings, Kmart and Officeworks all up. Pilbara, one of our largest lithium miners was down despite positive results. Coming up, more focus on the Jackson Hole symposium in the U.S. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

There are no comments yet.

Please log in to write the first comment.