Australia…One Hour In…ASX Down 13 Points

By Scott Phillips | More Articles by Scott Phillips

We await local employment and inflation figures but the main story today is that many big-name celebrity Twitter accounts have been hacked globally. Might explain why I received a personal tweet from Melania Trump this morning asking me what I was wearing. Oh, she also asked for my credit card number! True story.

– Alumina (+1%); 3Q result pleases the market. Received $58.6m distribution from AWAC.

– Auckland Airport (+2.8%); not a surprise but June passengers down 85%. Travel restrictions are slowly being lifted………

– Helloworld (TH); announces a $50m capital raising.

– Travel stocks; Flight Centre +4.6% Webjet +4.5% Qantas +1.5%

Scott Phillips

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association. Now at Ascot Securities, Scott focuses on advising Family Offices, offshore Soveriegn Funds as well as a growing book of domestic Professional Investors.

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