Enero falters on otherwise strong day for the Unmade Index

Agency owner Enero was the only Unmade Index stock to falter on Thursday, losing 5.6% to land on a share price of 60c at the end of an otherwise strong day for Australia’s listed media and marketing stocks.

The fall takes Enero down to a market capitalisation of $54m, its worst since April’s decade-long low point of 57c. Enero owns the agencies BMF, Hotwire and Orchard.

Most Unmade Index stocks had a good day. Seven West Media and Southern Cross Austereo improved by 3.9% and 2.5% respectively after regulator the Australian Communications and Media Authority said it had approved their proposed merger.

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