Business
ASX drops; Cleanaway, Metcash surge – The Australian Financial Review
The ASX trades lower despite another record-breaking night for US tech stocks. Worley, Adbri join results-related gainers while APA, Whitehaven, Eagers and Bravura drop. CIMIC is hit with a class action.
Perpetual’s listed investment company will pay a final dividend of 2.8¢ a share, down from 3.4¢, and recorded its best year of outperformance against the market since it floated.
The Perpetual Equity Investment Company portfolio beat the market by 6.4 percentage points over financial 2020, delivering a loss of 1.2 per cent, which was better than the S&P/ASX 300 Accumulation Index loss of 7.6 per cent.
The portfolios investment performance over the 5 years to June 30, 2020 was 7.0% p.a. PIC…
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