Domain Holdings Australia eyes worst day in nearly 6 months on weak HY results

Domain Holdings Australia

14/02/2024 04:51

** Shares of Domain Holdings Australia  DHG.AX  fall as much
as 8.4% to A$3.170, posting their biggest intraday percentage
drop since Aug 17, 2023
    ** Stock hits its lowest level since Jan. 18
    ** Property services marketplace operator posts half-yearly
operating EBITDA of A$67.3 mln ($43.48 mln) below a Visible
Alpha consensus estimate of A$71 mln, according to Macquarie
    ** Co also posted a 2% decline in new listings in Australia,
as compared to a 4% growth for rival REA group  REA.AX ,
reflecting a "loss in market share"- Macquarie     
    ** About 3.1 mln shares change hands, compared with the
30-day average volume of 693,083

($1 = 1.5480 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))