ARN closes out another week to forget as Unmade Index recovers

A torrid week for radio network ARN closed with the stock up (+5.56%) after a great deal of volatility through the day. A look at ARN’s market cap over the five days shows it was mostly downhill as the market absorbed the data in the form of Jackie Henderson’s full statement of claim.

What the focus on ARN’s troubles may have obscured slightly is the Unmade Index’s overall recovery this week: it is now sitting in its best position for a month (up 0.53% to 380.1).

Gainers were in the majority today, with Ive up 3.03%, Southern Cross up 2.70%, Motio up 2.27%, Sports Entertainment up 2.04%, Vinyl up 1.19% and Ooh Media up 0.53%.

Losers were fewer and softer, with Pureprofile down 2.56% the worst performer, followed by Enero down 1.14%, News Corp down 1.05%, Aspermont down 0.80% and Nine down 0.49%.