Market Close 25 Oct 24: WiseTech rebounds as CEO steps down

CommSec Market Update

The Aussie share market closed the week on a modest gain, despite significant fluctuations earlier. The ASX 200 remains down about 0.9% over the past five days, marking the end of a two-week winning streak. Major highlights included WiseTech’s 13% rise after its CEO announced he would be stepping down into a consulting role following media scrutiny. Other notable performers were Qantas, buoyed by strong demand and staff bonuses, and HMC Capital, which raised funds for a large data centre acquisition. Next week’s action-packed calendar features key earnings from major U.S. tech firms, Australian quarterly inflation data, and central bank meetings, setting the stage for potential global market shifts.

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