Australia Cettire hits 15-month low on flagging softening demand

Cettire

24/06/2024 02:12

** Shares of Cettire  CTT.AX  fall as much as 42.4% to
A$1.290, their lowest since March 29, 2023
    ** Stock to mark worst day ever, if current losses hold
    ** Co flags softening demand environment for global online
luxury
    ** Market currently impacted by clearance activity as
certain players exit parts of market - co
    ** Says financial performance in Q4 FY24 to-date has also
been impacted by market developments
    ** About 9.7 mln shares change hands, compared with the
30-day average volume of 3.0 mln shares
    ** Stock down 22.8% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))