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One of the enduring legacies of AFR BOSS has been to delve into the personal lives of CEOs to better understand the people behind the business and the strategies. ....
All the latest ASX news from Markets Live team. Reporting on the ASX200 today, Australia’s top stocks, companies, iron ore price, gold price, the Aussie dollar (AUD), Bitcoin, and breaking business news ....
Over five years, all ASX sectors are up with the exception of Telcos, where Telstra has been the perennial laggard. Over the past Covid year, however, more balance has entered the picture, with IT still being, by far, the dominant sector driving returns but with Materials being the next best performer, dominated by the iron ore names especially Fortescue. Several sectors – Energy, Utilities, Industrials, REITS and Health Care – underperformed. A year ago, was Health Care seen as the obvious underperformer through the course of a pandemic? More broadly, we would describe that performance through the last year as less of a value rally than as a balanced market, just as the so-called value rally on the ASX through recent months has been narrowly led by the banks, where lagged performance until the past several months is now starting to mirror the rage arising in the housing market. ....
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