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The ASX200 shook off negative futures predictions to finish up 0.16% despite a subdued Wall Street performance.
The local tech sector jumped 5.3%, largely driven by sector giant Wisetech.
Materials followed, up 1.72%.
Industrials followed at 1.2% gains; Energy was worst off, losing just under 2% as brent crude prices continue to sit around US$77 per barrel.
Goldman Sachs analysis released today suggested EV sales in China are hurting the country’s oil production. The note sees brent crude priced at under US$70 per barrel by the end of 2025 should the Red Dragon fail to return to pre-COVID growth.
In the Green
Raiden Resources (ASX:RDN) surged 7.7% today after the company released an update on drilling plans at its Andover South Project. Drills are expected to go live in mid-October after delays.
Raiden Resources closed at 2.9 cents.
Hansen Technologies (ASX:HSN) closed up 7.83% after reporting a 13% increase in revenue to $353 million. However, the software and services firm booked a 51% decline in net profit at $21.1 million.
Hansen Technologies closed at $4.68
Larvotto Resources (ASX:LRV) has rocketed up more than 24% on the eve of a highly-anticipated drilling campaign at its wholly-owned Hillgrove gold project in New South Wales.
This follows a successful $6 million equity raising in June from existing and new investors.
Larvotto Resources closed at 33 cents
In the Red
Engineering play Lycopodium (ASX:LYL) closed down 12% on the release of FY24 results.
Revenue and profits posted modest gains, but the company’s cash balance collapsed by 18% and investors reacted unfavourably.
Lycopodium finished the day at $12.34.
Helia Group (ASX:HLI) finished the session down around 4% after posting disappointing half year results. Underlying net profit fell 22% and total revenue fell 11%.
Helia Group closed at $3.90.
Corporate Travel Management (ASX:CTD) closed down around 2% after missing its ambitious guidance for FY24. To make matters worse, the company downgraded its guidance for FY25.
Corporate Travel Management closed at $12.27.
