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Weekly Wrap 1 September

Grady Wulff
September 1, 2023

As we near the end of Reporting Season, we’ve seen 348 companies report their earnings. 106 have beat expectations, 146 met expectations, while 96 fell short of expectations.

This week, the Australian share market advanced 2.67% this week (Mon – Thurs), in a strong week of trading. All but the energy sector, posted notable gains. The materials sector had the biggest rally, with the sector rising 3.66%, followed by the healthcare sector adding 3.36% and consumer discretionary rising 3.18%.

In this week’s wrap, Grady covers:

  • (0:51) How City Chic (ASX:CCX) fell out of favour with investors
  • (1:53) The positive run for travel stocks, including Flight Centre (ASX:FLT)
  • (3:09) What’s causing Brambles’ (ASX:BXB) share price movements
  • (4:34) The key takeaways from Reporting Season this week
  • (5:30) Best performing stocks in the ASX200
  • (6:15) The most traded stocks & ETFs by Bell Direct clients
  • (6:45) Five economic news items to watch out for

Read the article transcript here.

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