AU Morning Wrap: ASX Rises, Buoyed by Energy And Healthcare
G'day, mooers! Check out the latest news on today's stock market!
• S&P 500 rocked by fake Pentagon explosion
• ASX rises, buoyed by energy and healthcare
• Stocks to watch: Paladin Energy, Beach Energy, Telix Pharmaceuticals
- Moomoo News AU
• S&P 500 rocked by fake Pentagon explosion
• ASX rises, buoyed by energy and healthcare
• Stocks to watch: Paladin Energy, Beach Energy, Telix Pharmaceuticals
- Moomoo News AU
Wall Street Summary
Stocks traded mixed in a tight range and bond yields rose Monday while traders awaited news from the debt-ceiling negotiations and chewed over the latest remarks from Federal Reserve officials, including from one who said he favored additional interest-rate increases.
The tech-heavy $Nasdaq Composite Index(.IXIC.US$ rose 0.5% to a new 2023 high, while the $S&P 500 Index(.SPX.US$ ticked 0.02% higher. The indexes are now up on the year 22% and 9.2%, respectively. The $Dow Jones Industrial Average(.DJI.US$ shed 0.4%, or about 140 points, to leave it up just 0.4% this year.
AU Market Watch
The $S&P/ASX 200(.XJO.AU$ rose 0.2 per cent, or 21.8 points to 7285.1 at market open on Tuesday, led by gains in energy and healthcare stocks.
$Paladin Energy Ltd(PDN.AU$ was one of the best performing stocks, up 4.9 per cent. $Beach Energy Ltd(BPT.AU$ shares rose 2.2 per cent.
$Telix Pharmaceuticals Ltd(TLX.AU$ shares rose 4 per cent. $CSL Ltd(CSL.AU$ shares increased 0.8 per cent.
$Qantas Airways Ltd(QAN.AU$ was one among the worst performing stocks, down 2 per cent despite forecasting $2.5 billion in profit in its quarterly update.
Stocks to Watch
$Catapult Group International Ltd(CAT.AU$: Catapult Sport chief executive Will Lopes says he's confident the software business will reverse its fortunes next year to turn free cashflow positive and post revenue growth.
Catapult, which provides wearable sports technologies to the world’s leading professional sports teams and athletes, narrowed its net loss slightly to $US31.5 million ($47.3 million) on foreign exchange adjusted sales up 14 per cent to $US84.4 million for the financial year to March 31.
$29Metals Ltd(29M.AU$: Miner 29Metals has updated the 2023 production guidance of its Capricorn copper mine.
The company said the updated figure for ore mined was 514 to 584 kilo tonnes.
29Metals previously withdrew its 2023 guidance for the mine, following an extreme weather event and the ending of operations and pending completion of its recovery planning.
$Qantas Airways Ltd(QAN.AU$: Qantas is forecasting a record underlying pre-tax profit of up to $2.48 billion in the 2023 financial year – almost $1 billion higher than its next best result in 2018 – and will pour a further $100 million into buying back its own shares.
In a quarterly update this morning, the airline said flying activity was increasing steadily and would be at 93 per cent of pre-COVID levels by the end of December as forward bookings continued to "indicate strong travel demand".
Dividends Paid: None
Listing: None
Source: Dow Jones Newswires, AFR
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