The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

The ASX200 has claimed a new record, reaching above 7,950 points on the back of positive futures.

Those futures were informed by a US inflation read of 3% lower than the expected 3.1%.

Core inflation in the US stands at 3.3%. 

All sectors but one are up today; IT is the only sector to fall into the red, by nearly 1%.

Real Estate is leading – up 2.4%, with Discretionary following closely behind, up 1.6%.

Company News

Mining giant BHP (ASX: BHP) is trading down about half a per cent after announcing its suspending operations at its Western Australia nickel mine in October, due to the lower prices of the commodity. 

This decision is expected to result in an underlying earnings loss of $443.5 million, along with an impairment charge as high as A$5.62 billion.

BHP’s stock has been trading around $43.34.

SKS Technologies Group (ASX: SKS) has been up as much as 21% after securing a $90 million data centre project with Built.

The work is part of an expansion to an international hyperscale data centre in Melbourne’s western region, to be completed by August next year.

It brings the company’s work at hand to $178 million.

SKS has been trading around $1.36.

And, Kingsgate Consolidated (ASX: KCN) has gained 2.85% announced that its Thailand local partner Akara Resources has reported more gold intersections near the Chatree Gold Mine. 

The best result from 34 reverse circulation (RC) drill holes was two metres at just over 2 grams per tonne of gold from 36 metres.

KCN has been trading at $1.64.

More From The Market Online
Close up of a nasal spray

LTR Pharma pairs with Men’s Health Downunder for supply of erectile dysfunction spray

LTR Pharma Ltd has signed an agreement with Men's Health Downunder to facilitate supply of its…
The Market Online Video

ASX Market Open: Pre-Chrissy slowdown to turn into full-blown plunge after Powell preaches caution | Dec 19, 2024

Hesitation from Jerome Powell and the Federal Reserve regarding U.S.
The Market Online Video

ASX Market Close: Index pares gains to close flat | December 18, 2024

The ASX200 closed flat and down just 0.06% at 8,309points. Industrials was the strongest performing sector,…
Market Update Graphic

ASX Market Update: Insignia rejects Bain bid as bourse rises | December 18, 2024

Christmas is one week away and the ASX200 has been up 0.25% at 8335 points.