ASX investors had a good day on Thursday as the S&P/ASX 200 Index (INDEXASX: XJO) jumped 0.25% higher.
The benchmark index closed at 7,162.50 points while the broader All Ordinaries Index (INDEXASX: XAO) finished at 7,255.20 points.
It was a generally good day for shareholders with only the Healthcare (-0.83%) and Information Technology (-1.74%) sectors finishing lower. The Consumer Staples (+0.93%) was the best performing sector yesterday.
Here's a recap of the news, announcement and events that you missed on another strong day for Aussie equities.
Southern Cross Media shows media shares can still climb
The Southern Cross Media Group Ltd (ASX: SXL) share price rocketed 13.91% higher on Thursday as the Aussie media group posted its half-year result.
The better than expected earnings report comes amid tough conditions in the media industry.
However, it's not as if it was a big growth year for Southern Cross.
Earnings before interest, tax, depreciation and amortisation (EBITDA) was down 26.7% to $62.2 million from $84.8 million. The media group reported net profits after tax (NPAT) of $20.4 million, compared to a $119.2 million loss in 1H 2019.
WiseTech share price slumps for second straight day
The WiseTech Global Ltd (ASX: WTC) share price fell 11.78% yesterday in a second straight day of losses.
WiseTech shares have now fallen 35.01% this week and wiped out significant gains.
It's not all bad for investors though, with the ASX tech group's shares still up 370.82% in 5 years despite Thursday's losses.
WiseTech is far from the only tech share to struggle in 2020, with Nearmap Ltd. (ASX: NEA) and Altium Limited (ASX: ALU) also struggling.
Domain earnings hit hard despite property boom
Domain Holdings Australia Ltd (ASX: DHG) shares fell 6.33% lower on Thursday after a disappointing half-year result.
Revenue totalled $147 million, down 10.9% on the prior corresponding period. Earnings before interest and tax (EBIT) fell by 33.4% to $25 million as revenue from its media segment softened.
Yesterday's result comes despite a broad residential property market rebound on the back of record low interest rates.
