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Evening Report: ASX in reverse as miners, tech & telcos weigh

Woolworths (WOW) continued to show strong growth across most of its businesses over the first half of FY21 as it navigated the COVID-19 pandemic.

Woolworths (WOW) continued to show strong growth across most of its businesses over the first half of FY21 as it navigated the COVID-19 pandemic. Australian Food (supermarket) sales benefitted with 10.6% growth as people spent more time at home while Big W outshone with 20% sales growth. Not surprisingly, the Hotels segment was the major under-performer as COVID restrictions hampered trading.

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