The RBA announced today that they would be reducing interest rates to an all-time low of 1.25%, a cut of 0.25 percentage points. In response, we’re seeing Australian shares trade higher this afternoon, with the best Performer being Bega Cheese Ltd [ASX:BGA] share price (+ 3.41% to $4.85 a share).
Metcash Limited’s [ASX:MTS] share price has slid down the ASX today by nearly 5%, only days after releasing its full year results.
Metcash Limited [ASX:MTS] shares were trading at $2.68 early this morning, indicating a drop of 3.08%.
Metcash Ltd [ASX:MTS] shares were trading at $2.96 in early morning trading, indicating a drop of 17.66%.
The Metcash Limited [ASX:MTS] share price lost marginally today, while the Aussie stock index struggled for gains. Metcash has been one of the big ‘loser’ stocks in the past 10 years.
Metcash [ASX:MTS] released its 2015 full year financial results this morning. The results showed Metcash’s automotive sales went up 17.8% to $256.4 million.
Metcash Limited [ASX:MTS] is the distribution, marketing and grocery wholesaling company. Just like other grocery retailers, it’s been embroiled in a price war of late.
Shares in the owner of the IGA Supermarkets brand, Metcash Ltd [ASX:MTS], slumped by more than 4.8% in today’s weak session on the Aussie stock market.
Metcash Limited (ASX:MTS) is a wholesale distribution and marketing company. The share price closed 3.50% higher today.