Business
Small and mid-cap managers reload after tough May – The Australian Financial Review
They are turning their attention towards stocks more focused on the local economy, hoping border closures will support spending at home.
Tech stocks, including Zip Co, Nearmap and Nuix, were also weaker, and battery-focused materials producers such as Ioneer, Nickel Mines and Galaxy Resources declined after making a strong start to 2021.
The rotation from high growth and revenue multiple stocks into value and cyclicals has continued, Mr Hickson said.
The underperformance of tech stocks has hurt the smaller end of the market in particular. Tech stocks represent double the weight in the Small Ordinaries than they do in the S&P/ASX…
-
Noosa News18 hours agoMan dies in Brisbane crash, women and girl rushed to hospital
-
Business23 hours agoAre BHP shares are buy after its results?
-
Noosa News24 hours agoChilling new details emerge in terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
Noosa News10 hours agoItalian Film Festival, Brisbane: All the Details