AU Evening Wrap: ASX Closes 0.2% Higher, Big Falls in Mesoblast, ResMed Limit Gains
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• Top gainers: $Dicker Data Ltd(DDR.AU$, $Domino's Pizza Enterprises Ltd(DMP.AU$, $Beach Energy Ltd(BPT.AU$
• Top losers: $ResMed Inc(RMD.AU$, $Cromwell Property Group(CMW.AU$, $Pinnacle Investment Management Group Ltd(PNI.AU$
- moomoo News AU
• Top gainers: $Dicker Data Ltd(DDR.AU$, $Domino's Pizza Enterprises Ltd(DMP.AU$, $Beach Energy Ltd(BPT.AU$
• Top losers: $ResMed Inc(RMD.AU$, $Cromwell Property Group(CMW.AU$, $Pinnacle Investment Management Group Ltd(PNI.AU$
- moomoo News AU
Australian shares ended Friday's session higher but plunges by $Mesoblast Ltd(MSB.AU$, $Block Inc(SQ2.AU$ and $ResMed Inc(RMD.AU$ capped gains.
Healthcare stocks posted the biggest loss, down 1.2 per cent, with a late bounce from tech and energy offsetting the damage.
The $S&P/ASX 200(.XJO.AU$ edged up 0.2 per cent, or 13.7 points, to 77325.4, but recorded a weekly loss of 1 per cent after three consecutive weeks of gains. The All Ordinaries also finished up 0.2 per cent higher at 7535.9.
Shares in sleep disorder and breathing devices company ResMed tumbled 9.3 per cent to $30.7 in the worst session in three years after revenues came in slightly below expectations in the fourth quarter of fiscal 2023.
Biotech company Mesoblast tanked 56.9 per cent to 47¢ and hit an intraday low of 45.5¢, the weakest since 2005 after the US drugs regulator requested more data to approve remestemcel-L used to treat a pediatric steroid refractory disease. It was the company's worst daily drop in its trading history.
Afterpay parent Block slumped despite second-quarter earnings beating forecasts and a stronger outlook, with the company calling out Australian spending as being more challenged than the United States. Its share price shaved off 5.8 per cent to $109.51 in the biggest daily drop since March.
$ANZ Group Holdings Ltd(ANZ.AU$ shares rallied 0.8 per cent to $25.45 as it vowed to continue its fight to buy $Suncorp Group Ltd(SUN.AU$ after the competition regulator knocked back its $4.9 billion acquisition on competition concerns.
$Bendigo and Adelaide Bank Ltd(BEN.AU$ eased 0.1 per cent to $9.15 after flagging a $61 million impairment charge relating to software that will affect its 2023 profit.
S&P/ASX 200 Movers for Friday (4/8)
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1. Open moomoo app
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
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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 Friday (4/8)
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"
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
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