XJO falls as Medibank takes centre stage
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The ASX200 market is sharply lower at lunch, cooling off after yesterday’s rally, despite reasonable international leads.
US markets edged higher overnight, extending record levels, but there was little new in the way of catalysts. Global sentiment remains mildly positive on the back of last week’s stimulus double play out of China and Europe.
However, the local market is having none of it, with sellers firmly in command. Materials stocks are out of favour again, as are Industrials and Energy stocks. It appears the Chinese rate cut jubilation has come to an abrupt end, and the index continues to be punished for its growth bias.
Despite the local market woes, today is all about Medibank, which commenced trading at 12pm. There has been quite a build-up and excitement amongst the general public. While it’s no Alibaba, the sheer size of the listing, combined with the fact that has been part of Australian landscape for so long, justifies the attention it’s receiving. It opened at $2.22, but since drifted back a fraction to $2.20. So far, a good result for those involved.
For further comment from CMC Markets please call 02 8221 2135.
Call 1300 880 160
Start a chat
Schedule a call
