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So far this reporting season, 192 companies have reported, with 64 beating expectations, 70 meeting expectations, and 58 falling short of expectations. 29 companies have been upgraded by brokers while 23 have been downgraded. This week, supermarket giants released results with vastly different reactions from investors. The Aussie share market rose 0.48% (Mon-Thu) as a rally on the Nasdaq in the US fuelled a rally for local tech stocks.
The local tech sector rose 2.5% over the four-trading days. In this week’s wrap, Grady covers: