Market Close 20 Feb 25: On track for worst week since September 2023

The Aussie market continued its losing streak, falling 1.3% and hitting a one-month low, weighed down by declines in financial and materials stocks. Banks, particularly ANZ, struggled after recent strong gains, while mining giants Fortescue and Rio Tinto disappointed with lower profits. Despite a challenging environment, some bright spots emerged—Telstra surged after announcing a dividend increase and a $750 million buyback, while tech firm Megaport jumped 18% on strong earnings.

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