Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 has closed up 1.1% at 8,075 points. The Aussie bourse followed Wall Street’s tech sector higher, despite US investors reducing expectations of an up-sized Fed rate cute next week.
Back home, all sectors gained ground and the IT sector surged, up more than 2.4%, as Wisetech (ASX:WTC) hit fresh records, followed closely by Energy, up 2.3% and Real Estate 1.8%.
Later tonight, eyes will be on the European Central Bank and its anticipated interest rate cut decision. This comes ahead of a widely expected US Fed rate cut next week.
In the Green
Deep Yellow (ASX:DYL) closed up more than 13.5% after supply risks from producing major Russia sent uranium stocks soaring.
Deep Yellow last traded at $1.17.
Dimerix (ASX:DXB) jumped11.5% after recruiting patients in Mexico for a Phase 3 clinical trial of its kidney disease drug.
Patients are aged between 12 and 17 and the drug targets advanced kidney disease for which there is no cure.
Dimerix closed at 43.5 cents.
Former market darling Chalice Mining (ASX:CHN) closed up 6% after Putin threatened to ban exports from his country across a basket of minerals.
The company wants to mine nickel, copper, and palladium.
Chalice Mining closed at $1.15.
In the Red
Brickworks Ltd (ASX:BKW) has fallen more than 1.8% after booking an impairment of $123.5 million in its FY24 full year results.
The impairment was driven by declining activity at its North American operations in the second half of FY24.
Brickworks finished at 25.57.
National Storage (ASX:NSR) closed down more than 1.2%, as the company reported the successful pricing of a $300 million exchangeable notes offering.
The company says the funds will retire debt, providing the financial flexibility to fund growth.
National Storage finished at $2.42.
Finally, shares in Nine Entertainment (ASX:NEC) shed 2.8% after Chief Executive Mike Sneesby resigned.
Mr. Sneesby will be replaced in the interim by Chief Financial Officer Matt Stanton while the company searches for a successor.
Nine closed at $1.21.
