AU Morning Wrap: ASX Pushes Higher, Led by Miners

The $S&P/ASX 200(.XJO.AU)$ opened 28 points, or 0.4 per cent higher, at 7548. The All Ordinaries is up by a similar margin.

$Mineral Resources Ltd(MIN.AU)$: Mineral Resources has jumped 5.6 per cent to $58.57 and is the best performing on the benchmark. The lithium miner kept its volume and cost guidance unchanged for FY24. In its second quarter report, the miner said spodumene production at Mt Marion had increased 30 per cent, quarter on quarter and shipments rose 34 per cent. It also noted that its Wodgina, Mt Marion and Bald Hill are profitable at current spodumene prices.

$ResMed Inc(RMD.AU)$: ResMed is 5.6 per cent higher at $28.24. The medical technology developer has maintained its quarterly dividend at US48¢.

$Domino's Pizza Enterprises Ltd(DMP.AU)$: Domino's Pizza has sunk 27.8 per cent after withdrawing its guidance as the company reports slumping sales from its Asia stores.

$Fortescue Ltd(FMG.AU)$: Fortescue has maintained its FY24 production guidance after shipping near-record levels of iron ore in its first half of the financial year.

$Sayona Mining Ltd(SYA.AU)$: Sayona Mining is 4.5 per cent lower at 4.2c. The lithium miner has cut staff at its North American site, as the company attempts to weather a lithium price rout sweeping the sector.