Business
Disappointments from the ASX 200’s best ever December quarter
The S&P/ASX 200 Index (ASX: XJO) may have recorded a decline of 1.4% in 2020, but things would have been much worse if it hadn’t been for a stunning final quarter rally.
Over the final three months of the year, the ASX 200 put on a record December quarter gain of 13.3%.
Unfortunately, not all shares joined in on the good times. Here are a few disappointments from the quarter:
Zip Co share price tumbles lower.
The Afterpay Ltd (ASX: APT) share price may have continued its meteoric rise in the final quarter, but the same cannot be said for rival Zip Co Ltd (ASX: Z1P). During the final quarter the Zip Co share price lost over 14% of its value. This was despite the company announcing further strong sales growth and deals with…
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