Unmade Index decline caps off a volatile week
A real mixed bag on the ASX today saw the Unmade Index slip back down again, with falls from Aspermont (down a whopping 12.50% – but it’s a micro cap and prone to big movements), Nine (-3.54%) and Motio (-1.92%). The loser of note was Vinyl, which dropped 8.79% to cap off a volatile week, leaving the stock pretty much where it began and the group back below ARN’s market cap. We didn’t have to reorder the Unmade Index after all.
Ive led the risers, up 5.94%, followed by SEG up 3.77% and Pureprofile also up 3.77%. News Corp rose 2.31%, Ooh Media was up 1.91%, Enero rose 1.63% and Southern Cross edged up 1.45%, rounding out a day that saw the Index finish down 1.08% at 442.9.
Before we break for the long weekend, a look at the Index’s movements since the beginning of the year shows us its history in microcosm: convincing builds, precipitous falls, and an implacable downward trend.
