Unmade Index finally breaks out of its eight-day freefall

The Unmade Index finally had a positive finish on Wednesday after declining for eight days in a row.

Most media and marketing stocks improved, with the Unmade Index increasing by 2.35% from its previous all-time low to 358.4 points.

Among the larger stocks, Ooh Media improved by 4.4%, taking it back above a half billion dollar market capitalisation. Nine was up 1.8% and Southern Cross Austereo improved by 1.7%.

There was also a big jump in Vinyl Group shares, although there was no obvious indication of the reason, with no new announcements to the ASX.

ARN Media – which today officially killed off the Kyle & Jackie O Show, heralding a bloody legal battle – lost 1.5%

 

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.