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ASX 200 drops 2%, IOOF and Afterpay shares sink, Bubs jumps on Thursday 28 January 2021 – The Motley Fool Australia
The S&P/ASX 200 Index (ASX:XJO) dropped by around 2% today. IOOF Holdings Limited (ASX:IFL) and Afterpay Ltd (ASX:APT) shares fall heavily.
The S&P/ASX 200 Index (ASX: XJO) declined by more than 1.9% today, it dropped to 6,650 points.
Here are some of the highlights from the ASX:
IOOF Holdings Limited (ASX: IFL)
The IOOF share price fell by 10.6% today after delivering its quarterly update for the three months to 31 December 2020.
IOOF announced that its funds under management, advice and administration (FUMA) fell by $0.4 billion to $202.4 billion. Management said this reflected an uplift of $12.7 billion due to market movements, largely…
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