Join our daily newsletter At The Bell to receive exclusive market insights
The ASX has nosedived through early Friday trade today, dropping as much as 1.3% to below the 8,000-point mark and extending a three-day red streak.
Real Estate and IT were among the hardest hit, losing 2.49% and 2.2% respectively.
Financials has also been led lower by a sagging Commonwealth Bank, with the sector dropping 2.08%. Similarly, Communication, down 1.47%, and Energy, down 1.17%, are seeing rough ends to Week 10.
Only Staples, which is a hair above flat at +0.3%, has stayed positive.
Polynovo Limited (ASX:PNV) has been by far the most watched on HotCopper forums today with more than 11.9K views on its update. In that release, the company responded to – and at the same time confirmed – recent “media speculation” that CEO Swami Raote had been asked to step down from his leading role.
Also trending has been Insignia Financials (ASX:IFL) following Brookfield pulling out of the $3.4 billion bidding war; Bain and CC Capital are still in the race.
And rounding out the most discussed was Murchison-based Meeka Metals (ASX:MEK), which landed a new shallow high-grade gold zone at its Turnberry South project.
More market news
Pushing in: Ukraine’s minerals are in Trump’s sights. What does this really mean?
Tough trim: Why rate cuts are bad news for the Australian economy
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
