Volatile Wednesday influenced by Q3 inflation data

The S&P/ASX200 closed five points higher on a choppy Wednesday to 7,449, recovering to be 0.1% following a surprisingly sharp CPI read. 

Taking their lumps today, Codan Limited (CDN), crashing some 18%, despite a rather upbeat AGM, and a chunky, new multi-year defense contract for its subsidiary, DTC Communications. Go figure.

There was no mystery to the 12% slide over at A2 Milk (A2M), a sour investor day dominated by more bad news out of China. 

Topping the charts, Reliance Worldwide (RWC) up 5% and one of the most talked about performers so far this week here at ausbiz. Over the last week of trade, the index is up 0.5%.


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