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The ASX200 closed up 0.76% at 8,085 points on the back of higher confidence the US will cut rates next month.
Down under, the Telecommunication and Financials sectors lead the market higher – both up around 1.25%.
Followed closely by Energy up nearly 1.2%.
Staples was the worst performer, down 0.85%.
Monthly inflation data will be released on Wednesday.
In the Green
Deep Yellow (ASX:DYL) shot up 17% as listed uranium stocks were scooped up by investors today. The catalyst for the excitement was news on the weekend the world’s largest uranium producer revised FY25 production guidance downwards to 5000 tonnes.
Deep Yellow closed at $1.17
Tyro Payments (ASX:TYR) closed up more than 12% after reporting FY24 results. The company delivered an 8.2% increase in revenue to $471 million, and a 31.6% jump in earnings before costs to $55.7 million. FY25 guidance impressed investors with the company forecasting gross profit between $218 and $226 million.
Tyro Payments finished the session at $1.10.
Aussie Broadband (ASX:ABB) closed up more than 11% after releasing FY24 results. The company reported a 27% increase in revenue to just under $1 billion and a 36% jump in earnings before costs and one-offs to $120.5 million. The Board declared its first ever dividend of 4 cents per share.
Aussie Broadband closed at $3.49.
In the Red
Private Health Insurer NIB (ASX:NHF) were punished by investors today, with shares closing down more than 17%. Despite a 67% increase in profits, the stock was aggressively sold off by unimpressed investors.
Total fully franked dividends rose 3.6% to 29 cents per share, but in an alarming development for investors, claims expenses increased by 4.9% to $2.1 billion.
NIB closed at $5.98.
Gold Road Resources (ASX:GOR) finished down more than 4% on news of a decline in first half profit. The company says output at its WA mine was held back by heavy rain earlier this year.
Gold Road Resources closed at $1.74.
Endeavour Group (ASX:EDV) closed down more than 6% after posting a 3.2% decrease in FY24 profit to $512 million.
However, the hotels and retail drinks operator says its earnings before costs rose 3.1% to $1.1 billion.
Endeavour Group closed at $5.15.
