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The Market Wrap with Evan Lucas, Economic Futurist

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As student migrant numbers are culled, the fortunes of ASX-listed IDP Education have taken a hit.

MARKET WRAP:

  • ASX200: up 0.63%, 8466
  • GOLD: $3,362 US/ounce
  • BITCOIN: $162,666 AUD
  • Westpac up 1.4%, ANZ & Commbank 1.3% higher, and NAB gaining 1.2%.
  • Evolution rose 4%, Genesis Minerals gained 4.6%, and Newmont was 4.3% higher.
  • Up by more than 1% were Goodman Group and Chemist Warehouse owners Sigma.
  • IDP Education dropped more than 48% to $3.88 after telling the market it expects a drop in profits following global uncertainty in tertiary student movements.
  • Domino’s Pizza made changes at the executive level sending shares down 2.2%.
  • In negative territory were CSL, Aristocrat and Life 360.

CURRENCY UPDATE:

  • AUD/USD: 64.6
  • AUD/GBP: 47.8 pence
  • AUD/EUR: 56 Euro cents
  • AUD/JPY: 92 yen
  • AUD/NZD: 1.07 Dollars
 
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