It’s been a busy start to the week @PeakHQ.
Certainly some ‘volatility in the airwaves’ today with the market starting in red.
Looks like Twiggy Forrest has caught the Cannabis bug!
The billionaire is the latest in the line of high-profile investors to enter the space, post his recent $5m investment.
Click here to read more.
With the sector once again receiving tailwinds, this bodes well for our portfolio company ASX:ECS.
Energy and travel stocks bore the brunt of investor jitters over Europe’s latest COVID wave, and sent the ASX200 to a negative start for the week.
Flight Centre, Corporate Travel and the owner of Westfield’s European shopping centres, Unibail Rodamco, led the declines for the ASX200, reflecting fears that the latest COVID wave could lead to fresh lockdowns.
Santos declined more than 2 per cent to $6.60 while Woodside Petroleum closed 1.8 per cent lower.
Bank stocks also continued to underperform with the Commonwealth Bank, Westpac and ANZ declining two per cent or more. It continued last week’s hangover as the market repriced bank stocks in the wake of CBA’s poor performance.