Business
All eyes on Victoria as ASX edges higher – The Australian Financial Review
Banks and the miners lifted the ASX to a positive close, with an uncertain session marked by the latest demanding restrictions plan in Victoria.
Industrials were among the worst performing with shares in Melbourne’s CityLink toll road owner, Transurban, falling 2.8 per cent to $13.74 as investors reassessed the company’s earnings outlook.
Sydney Airport shares also suffered, sliding 2.2 per cent to $5.74.
“At the end of the day, some of the business we own have operations in Victoria,” said NAOS chief investment officer Sebastian Evans. “Clearly they’ve been hit; whether they’re building materials stock … or contracting businesses or…
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