AU Morning Wrap:ASX Rises as Miners Bounce; Cettire Rallies 30%

The $Dow Jones Industrial Average(.DJI.US)$ gained 0.4 per cent, or 141 points. The tech-heavy $Nasdaq Composite Index(.IXIC.US)$ rose 0.1 per cent. The $S&P 500 Index(.SPX.US)$ advanced 0.2 per cent. All three indexes bounced between small gains and losses throughout the day.

The $S&P/ASX 200(.XJO.AU)$ is 52 points, or 0.7 per cent higher, at 7633. The All Ordinaries is also up 0.7 per cent.

$Fortescue Ltd(FMG.AU)$, $BHP Group Ltd(BHP.AU)$ and $Rio Tinto Ltd(RIO.AU)$ are all up more than 1 per cent after dropping over the previous two sessions. Gold miners are also benefiting from a boost in the price of precious metals overnight.

Lithium miners are month the best performing on the benchmark this morning. $Core Lithium Ltd(CXO.AU)$ is the best performing, up 6.7 per cent higher at 19.2¢, $Pilbara Minerals Ltd(PLS.AU)$ is 4.4 per cent higher at $3.53 and $Liontown Resources Ltd(LTR.AU)$ is up 3.6 per cent at 93.2¢.

$Cettire Ltd(CTT.AU)$: Cettire is posting the standout rally this morning, jumping 29 per cent after revealing a 89 per cent boost in sales in the first half of FY24.

$CSR Ltd(CSR.AU)$: CSR is 4 per cent lower at $6.56 after being cut from a buy to a sell rating by analysts at UBS.

$Amcor PLC(AMC.AU)$: Amcor's net profit slid to $ US286 million in the first half of FY24, from $US691 million a year earlier. Shares are 2.9 per cent higher at $14.73.

$National Australia Bank Ltd(NAB.AU)$: National Australia Bank group CEO and managing director Ross McEwan will step down from the role in April. He will be replaced by Andrew Irvine, currently NAB's group executive business and private banking lead, a role he’s held the role since 2020. Shares have dropped 1 per cent to $31.90.

$Dexus(DXS.AU)$: Dexus has reported a statutory net loss of $10.2 million in the first half of FY24, due to write-downs on the value of the listed landlords properties. Shares have inched 0.4 per cent higher to $7.50.

$BWP Trust(BWP.AU)$: BWP Trust is 1.2 per cent higher at $3.39 after committing to a 9.02¢ dividend in its latest half-year report. The company is considering a merger of Newmark Property REIT.