Market Close: ASX200 wraps up the week on a high

The ASX200 closed up nearly half a per cent. Most sectors finished in the green.

In this bulletin, we’ll look at news from Aussie Broadband, Pexa Group, The Calmer Co International, Newmont Corporation, Sandfire Resources and Austal.

In the green

Internet provider Aussie Broadband (ASX:ABB) was up more than 18.5 per cent on its half-year results.

The company saw a 17.7 per cent increase in its revenue in comparison to the previous year to $445.9 million and a 12.7 per cent increase in its EBITDA.

20.5 per cent more broadband connections were put in place by the company in comparison to the previous year.

ABB closed at $4.53.

Real estate leader Pexa Group (ASX:PXA) was up more than 5 per cent on its half-year results also.

Pexa’s group revenue for the half was up 16 per cent on the previous corresponding period and totalled $163.3 million and its operating EBITDA was up 12 per cent.

However, the company reported a statutory net loss after tax of $4.6 million for the first half of FY24 in comparison to an NPAT of $4 million in the prior period due to costs in investment growth.

PXA closed at $12.16.

The Calmer Co International (ASX:CCO) was up 20 per cent on news it will soon see its Fiji-sourced Kava-based health drink powder sachets listed on the US’ Walmart’s e-store, and it comes not long after the product hit the shelves at Coles (ASX:COL).

Walmart is the world’s largest omnichannel retailer and sees 6.7 million weekly virtual feet through the door.

CCO closed at .6 of a cent.

In the red

And gold producer Newmont Corporation (ASX:NEM) was down about 8 per cent on its Q4 and FY23 results – reporting some major losses incurred by the company.

The company’s adjusted EBITDA for the year decreased 7 per cent to $6.39 billion, compared to $7 billion for the prior year.

It also reported a net loss for the year of $3.81 billion.

NEM closed at $46.62.

Sandfire Resources (ASX:SFR) fell more than 4 per cent on recording a half-year loss after tax of US$53.9 million.

The company attributed the loss on the MATSA mining complex in Spain which was acquired for US$1.9 billion in FY 2022.

SFR closed at $7.30.

Defence company Austal (ASX:ASB) was down more than 12 per cent on its half-year results. 

The company’s revenue was down 7.5 per cent to $717.7 million.

However, the company did not declare a dividend as it starts prepping up for a large capital expenditure program.

ASB closed at $1.95.