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Market Wrap / August's over!

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August's over!

Market Wrap29 Aug, 2025

It was a lacklustre session to round out the last full week of reporting season on the local market.

The S&P/ASX200 finished just 6.90 points down to leave the index virtually unchanged over the past week. But it was a strong month over the course of earnings' season, with the market up 3%.

The major banks weighed on the market today with CBA falling 1.8%. The tech sector snapped its recent losing streak, powered by NextDC, which rose 17.4%, as its guidance pointed to accelerating growth.Virgin Australia fell 1.2% despite annual earnings lifting following its return to the bourse.Harvey Norman shares jumped 11.5% after its profit beat market expectations, while property conveyancing platform PEXA fell 9.3% on a profit miss.Shipbuilder Austal continues to ride the global wave of defence spending with its profit surging 500% taking its shares 15.1% higher.And infant formula maker Bubs rose 9.1% after reporting its maiden net profit.

Tonight, the US core PCE price index is released ahead of a holiday long weekend.

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August's over! - Ausbiz Capital