We had a busy day today @ PEAKHQ, seeing Nico Lab’s Chairman, Paul Lappin for an operational update.
Looks like all going well over there with a formal shareholder update coming in the next week or two.
Also our portfolio company Wellteq came out with an outstanding update, as it heads into an IPO in Canada over coming months.
Finally, Buildxact also released their FY2020 report, with revenue growth on track to exceed 100%!
Enjoy your weekend.
This Afternoon, the Australian sharemarket ended Friday in the red as blue chip leaders Wesfarmers, CSL and BHP steered the market lower amid wariness about the economic impact of the coronavirus.
The S&P/ASX200 Index fell 23.5 points, or 0.3 per cent, to 7139, retreating from Thursday record close of 7162.5 points. The benchmark was down 0.1 per cent for the week.
Wall Street provided a weak lead amid concerns about the spread of coronavirus and its impact on global growth and supply chains.
Investors also had to deal with the news that residents in South Korea’s fourth largest city, Daegu, had been told to stay indoors to contain the spread of the virus after a dozens of people were infected at church.
Wesfarmers was the biggest drag on the index, with the retail giant declining 2 per cent to $46.02. CSL , which rallied to a record earlier in the week, ended 0.7 per cent lower at $336.40.