Seven West Media and Nine have a rough day on the Unmade Index
Australia’s big two TV players both took hits on a down day for the Unmade Index.
Seven West Media stocks lost 3.6%, leaving the company’s market capitalisation just above $200m, while Nine lost 1.2% to land on a $1.9bn market cap.
At the smaller end of town, Motio stocks jumped by 16% after the company revealed it had outperformed market expectations for the quarter. And Gumtree slumped, losing 14.4%.
The Unmade Index closed on 467.4 points, down by six points for the day.