ASX slightly lower; Healius, gold stocks gain
No ACCC appeal on ANZ/Suncorp ruling. China’s 2024 growth target of 5 per cent. Healius up on review, CEO exit. Gold miners rally, lithium names fall. Medibank, NIB up. Bitcoin above $US68,000.
Megan Neil
Latest
ASX dips after record high; Genex rockets
Gold stocks rally. ASX 200 sets new high before turning down as iron ore miners fell. Sharp inventories fall to drag on growth. Genex lifts 32 per cent on J-Power bid. Downer defends class action.
ASX 200 ends at record high
ASX 200 sets all-time high at close. Life360 soars 38 per cent on earnings beat. ASIC wants crime-linked Prospero wound up. China manufacturing activity better than expected but still weak.
ASX 200 jumps to record high
ASX 200 hits all-time intraday high, just misses closing record, with end-of-month buying a factor. Plastics manufacturer Qenos may shut plants. Star, Ramsay Health Care and Harvey Norman gain.
ASX ends flat; Kelsian, Neuren heavy losers
Country Road Group sales, profit fall. Earnings miss hits Flight Centre, Kelsian. Neuren slumps despite meeting Daybue sales guidance. Annual inflation steady. RBNZ holds rates. APM soars on higher CVC bid.
ASX edges up; Woodside, Coles, Reece gain
Woodside cuts dividend on profit drop. Coles boss says customers worried, but defends profit. Johns Lyng tanks despite upgrade. Adbri up on CRH buyout deal. Citic ‘assessing’ Alcoa’s Alumina bid.
Possible Optus job cuts; CSR in takeover deal
CSR agrees to takeover by French group Saint-Gobain. Optus braces for potential redundancies. EnergyAustralia’s losses narrow. Superloop labels ABB offer ‘opportunistic’. PwC boss stays until 2026.
ASX gains as tech stocks rally; Block jumps
Court imposes $30m fine in waste management cartel case. Afterpay owner Block soars on profit swing. ABB rejigs leadership, ups guidance. Brambles, Austal fall. Woodside sells Scarborough stake to JERA.
ASX 200 flat; Qantas drops; Lovisa, Bega jump
Lovisa, Universal Store, Bega Cheese and Insignia jump. SkyCity loses long-standing SA contract fight. Fortescue and CSR gain. RBA’s Bullock ‘agnostic’ on Treasurer’s veto power. Japan’s Nikkei tops record high after 34 years.
Rio Tinto profit down, beats estimates
Rio Tinto annual net profit falls to $US10.1bn; underlying result beats estimates. CSR trading halt amid takeover talk. Woolworths’ Brad Banducci apologised to Rod Sims. Corporate Travel dives. WiseTech soars.
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