Telstra stock price slips after RBA rate hike, with Feb 19 results now in focus
Telstra shares fell 0.4% to A$4.89 Tuesday, underperforming the S&P/ASX 200, which rose 0.89% after the Reserve Bank of Australia raised the cash rate to 3.85%. Trading volume in Telstra was about 19.9 million shares, above average. Investors are awaiting Telstra’s half-year results and interim dividend decision on Feb. 19.