Skip to content

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: Metcash Limited

Metcash reported 6.1% sales growth, driven by acquisitions and easing inflation, with strong performances in food, hardware, and liquor.

Video poster image

(AI video summary)

This video was created on 13 September for IG audiences by ausbiz.

Stock of the day: Metcash (ASX:MTS)

Metcash, which held its annual general meeting (AGM) alongside a trading update. The company reported a 6.1% rise in total sales for the financial year up to 8 September, driven by solid growth across its divisions, partly due to recent acquisitions.

Food division performance and inflation easing

Metcash’s food division has performed well in a cost-conscious environment. At the AGM, the company highlighted a moderation in inflation, helping to stabilise costs. Metcash is focused on integrating recent acquisitions and improving cost and cash management. Following this update, the company’s share price rose by 0.8% by midday in Sydney.

Metcash’s defensive appeal and Project Horizon

Though Coles and Woolworths dominate the Australian supermarket industry, Metcash is undergoing a technology transformation called “Project Horizon,” aimed at modernising its operations. Despite tough competition, Metcash is viewed as a defensive stock that appeals to investors seeking stability. Its core divisions—food, hardware, and liquor—offer steady revenue, with low single-digit growth and a reliable dividend yield.

For investors looking for defensive plays, Metcash is an attractive option. However, significant capital growth may be difficult, given the competition in the market.


This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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.

Explore the markets with our free course

Learn how shares work – and discover the wide range of markets you can trade on – with IG Academy's free ’introducing the financial markets’ course.

Put learning into action

Try out what you’ve learned in this shares strategy article risk-free in your demo account.

Ready to trade shares?

Put the lessons in this article to use in a live account – upgrading is quick and easy.

  • Trade over 16,000 popular global stocks
  • Protect your capital with risk management tools
  • React to breaking news with out-of-hours trading on 70 key US stocks

Inspired to trade?

Put your new knowledge into practice. Log in to your account now.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.