Nine, the biggest locally headquartered stock on the Unmade Index, moved back above a $1.6bn market capitalisation on Thursday.

The 2% improvement in Nine’s valuation was reflected in what was a better day at the top end of the Unmade Index for most stocks including Ooh Media growing by 2.1%, ARN Media by 1.4% and Southern Cross Austereo by 0.8%.

In the lower reaches of the Unmade Index, Vinyl Group – which will shortly buy Val Morgan’s publishing portfolio – had a bad day, losing 5.8%.

Sports Entertainment Group, owner of SEN Radio, lost 9.1% today

The Unmade Index improved by 5.8% to 394.5 points. On Tuesday, the index fell below 400 points for the first time.

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