Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

AU Evening Wrap: Rebound Brings Relief From February Fade

avatar
Moomoo News AU wrote a column · Feb 28, 2023 01:26
G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 rose 33.6 points or 0.47 per cent • Top gainers: $Judo Capital Holdings Ltd(JDO.AU)$, $Telix Pharmaceuticals Ltd(TLX.AU)$, $Chalice Mining Ltd(CHN.AU)$
• Top losers: $Harvey Norman Holdings Ltd(HVN.AU)$, $Yancoal Australia Ltd(YAL.AU)$, $Cromwell Property Group(CMW.AU)$
- moomoo News AU
The $S&P/ASX 200(.XJO.AU)$ rose 33.6 points or 0.47 per cent this afternoon. The rally lifted the index off a six-week low and pared its loss for the month to 2.9 per cent.
Resource and property stocks led the advance after overnight relief from strengthening in rates and the US dollar. Harvey Norman and Adbri were the index's biggest losers following disappointing trading updates.
Mining stocks rebounded with US dollar-denominated metal prices after the greenback pulled back from a seven-week peak. Gold rallied overnight for the first time in six sessions. Copper, nickel and aluminium rose on the London Metal Exchange.
$De Grey Mining Ltd(DEG.AU)$ rallied 7.72 per cent. $Gold Road Resources Ltd(GOR.AU)$ gained 5.76 per cent. $West African Resources Ltd(WAF.AU)$ added 5.71 per cent.
$Harvey Norman Holdings Ltd(HVN.AU)$ sank 7.45 per cent after warning of a 10.2 per cent sales decline at its Australian franchises last month compared to the same period last year. First-half net profit eased to $365.9 million from $430.9 million in the prior corresponding period.
$Adbri Ltd(ABC.AU)$ dropped 7.07 per cent after scrapping its final dividend and warning costs headwinds will persist this year. The construction materials producer reported a fall in first-half profit to $102.5 million from $116.7 million in the prior corresponding period.
S&P/ASX 200 Movers for Tuesday (28/2)
AU Evening Wrap: Rebound Brings Relief From February Fade
How to find the above information in moomoo app:
1. Open moomoo app

2. Search for and tap on ".XJO"

3. Roll down to see "Constituent Stocks"

4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Tuesday (28/2)
AU Evening Wrap: Rebound Brings Relief From February Fade
How to find the above information in moomoo app:

1. Open moomoo app

2. Tap your finger on "Market" and "AU"

3. Roll down and tap on "Main Board"

4. You can filter the list based on "Turnover"
Source: Dow Jones Newswires, The Market Herald
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
1
+0
Translate
Report
32K Views
Comment
Sign in to post a comment
    avatar
    Moomoo News Official Account
    Australian stock market news that is available at your fingertips
    3577Followers
    6Following
    99KVisitors
    Follow