As it stated in smh
ASX rallies hard despite day to forget for aged care stocks
ASX rallies hard despite day to forget for aged care stocks
A belated spring bounce pushed Australian shares higher on Monday, as investors discounted the chance of a rate hike in the United States this month following disappointing jobs figures.However, offsetting the broad gains in the banks and miners, aged care stocks took a beating following the government's clarification on what fees aged aged care operators can charge.Shares in Estia closed 11.8 per cent down to $2.78, Regis was down 16.7 per cent to $3.70 and Japara lost 14.7 per cent to $1.74.
additionally businessinsider
Hundreds of millions in market cap was ripped out of listed Australian aged care companies today
Hundreds of millions in market cap was ripped out of listed Australian aged care companies today
Scott Barbour/Getty ImagesShares in companies with exposure to Australia's aged care sector were pummelled today after the federal government cracked down on extra fees being charged to residents.Japara Healthcare shares dropped by as much as 25% but at the close were down 14.71% to $1.74.Estia Health fell 11.75% to $2.78 and Regis Healthcare 16.67% to $3.70.
in the same way smh
ASX up but aged care stocks savaged
ASX up but aged care stocks savaged
That's it for Markets Live today.You can read a wrap-up of the action on the markets here.Thanks for reading and your comments.
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