AUSTRALIA: Coles Bounces Back After Sharp Sell-Off
Shares in Coles Myer firmed almost two per cent yesterday, after the retail giant released sales figures on Tuesday night to ease market concerns of a December sales slump. Coles finished the trading session up 13c to $6.78 on the back of a sharp sell-off on Tuesday which left the stock down 43c and wiped A$500m ($278.5m) from the company's market value.
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