The Australian market seesawed throughout the first trading session of the week before closing the day 0.24% lower at 6871.60 points as a sell off in financial stocks weighed on the key index.
The stocks that made headlines today were:
Zonoo (ZUNO) Group tanked more than 17% today after releasing performance results including disappointing first half sales that were materially down for the period, unaudited first half revenue of 6.2 million New Zealand dollars, unaudited net loss after tax for the half of 1.99 million New Zealand dollars.
Airtasker shares lifted 12.5% today after the online jobs marketplace released a second quarter update including gross marketplace volume increased 39% and an upgrade of second half guidance to now expect second half GMV of 107 to 110 million dollars.
NIB Holdings took a hit today, closing the session 6% lower after JP Morgan downgraded the private health insurer?s shares to an underweight rating with a price target of $6.10 after holding concerns over NIB?s margin pressures among other things.