The local market has ended in positive territory after being positively terrible for most of the day...
The local market has ended in positive territory after being positively terrible for most of the day. The S&P/ASX 200 managed to dig a 0.2% hole in early trade, which it then spent the rest of the arvo climbing out of. The spectacle that has become AMP rose sharply then slid again on the same news - the demerger that thrilled investors for about 5 minutes quickly morphed into disappointment, uncertainty and ultimately a kind of exhausted disinterest, ending up about 0.6%. And then somewhere around lunchtime the Age of the Online Retailers - the idea-whose-time-has-come of the Covid-19 pandemic - ended. Kogan dropping some 13.7% and no-one batted an eyelid. Not even Ruslan.
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