Nine lifts the index as Vinyl Group takes a hit
Despite most media and marketing stocks falling on Tuesday, the Unmade Index finished in positive territory thanks to a strong showing from Nine.
Nine, the largest locally headquartered stock on the Unmade Index, rose by 2.6% to a market cap of just under $1.6bn.
Among the mid-sized stocks, Vinyl Group has the worst of it, losing 6.3% to fall to a market capitalisation of $104.2m. Vinyl is now trading at its lowest point over the last 12 months.
Ooh Media also sank today, losing 1% to fall back below a $500m market cap.
The Unmade index closed on 371.8 points, a fall of 0.48% for the day.