JB Hi-Fi Shares Rise as Electronics Spending Stands Out in Weak ASX Session
JB Hi-Fi shares closed up 1.9% at A$73.45 on Tuesday, outperforming a weaker S&P/ASX 200, after data showed resilience in electronics retail spending. Harvey Norman rose 2.7%. JB Hi-Fi’s March quarter comparable sales rose 2.6% in Australia and 15.2% in New Zealand. Westpac data showed consumer sentiment fell 2.9% in June to 80.6, near historic lows.