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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Stock of the day: Steadfast Group Limited

Steadfast refutes claims of unethical behavior after a critical Four Corners report results in a notable decline in its stock value, stirring investor discussions.

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This video was created on 10 September for IG audiences by ausbiz.

Stock of the day: Steadfast (ASX:SDF)

Controversy strikes a chord in the insurance sector

Steadfast Group Limited, a significant player in the insurance industry, was recently embroiled in controversy following a report by ABC's Four Corners. The programme focused on the strata management industry and led to a temporary trading halt of Steadfast's shares. The company strongly denied any unethical practices in a statement to the ASX, affirming its commitment to integrity.

After trading resumed, Steadfast's shares fell sharply by 12%, reflecting the market's reaction to the media coverage. Despite this, the company stated it had provided ABC with relevant information twice, which it claimed was excluded from the broadcast.

Looking ahead

Financial analysts suggest a cautious approach in the immediate aftermath, recommending waiting a few days to gauge market reactions before making investment decisions. This strategy aims to assess the full impact of the news cycle on stock prices, advocating patience amidst immediate market responses.


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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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