Unmade Index falls after movements across the board

Some blood on the floor today with moderate negative and positive movements across the board netting out poorly for the Unmade Index.

Of the gains, Enero stood out with +6.06% and Vinyl at +5.88%. A search of the ASX announcements page does not reveal any obvious reason for the positive swing for these stocks, but as noted here before, Vinyl is no stranger to volatility. A small increase for Southern Cross Austereo (+1.17%) may be further adjustment following its movements in the wake of this week’s news that the independent advisor Kroll had given its proposed merger with Seven West Media the green light.

Seven did not move, but Ive (-2.96%), Ooh (-1.45%) and Nine (-3%) all suffered somewhat. Our small caps Pureprofile and Motio both fell more than 5% (-6.52%, -5.26% respectively).