Good afternoon. Christmas is rapidly approaching and the ASX has bounced back today, up 0.67% at 8,305 points.
Telecommunication, Real Estate, Financials, Industrials, and Health Care, are leading the market higher – all up 1%. Energy has been the worst performing sector, down 0.8%, followed by Utilities, down 0.3%.
Company News
DigiCo Infrastructure REIT (ASX:DGT) has been up 4.65% after disappointing investors in their first two days on the boards. HMC Capital (ASX:HMC) which, owns 32% of DigiCo, has been up 2.8%.
Digico has been $4.50 and HMC Capital has been $10.
Commonwealth Bank (ASX:CBA) backed real estate firm PEXA (ASX:PXA) has been up 6.2% on the news its appointed Russell Cohen as its new CEO. Mr. Cohen will take up the post on March 31.
Pexa has been $13.30.
Ventia (ASX:VNT) has been up 3.9%, clawing back some of yesterday’s 9.2% fall. The retreat was set in motion by the ACCC’s legal action alleging the company engaged in price fixing.
Ventia has been $3.48.