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The ASX200 closed up 0.85% at 8,393 points to finish the trading week.
Economists increasingly expect interest rates in Australia won’t be cut until May.
Six high-profile forecasters, including NAB and Westpac, have pushed out their rate cut view from February to May after relatively hawkish RBA communications this month.
To the sectors, Energy was the best performer, up 2.3%, followed by Utilities, up 1.45% and Health Care, up 1.35%.
Information Technology was the poorest performer and only sector in the red, down 4.45%.
In the Green
A2 Milk Company (ASX:A2M) closed up 13.3% after releasing an update to coincide with its AGM. The company say year to date ist expecting to book mid to high single digit revenue growth in FY25.
A2 Milk closed at $5.45.
Lovisa Holdings (ASX:LOV) closed up 1.38% following a trading update which showed a 10% rise in total sales in the first 20 weeks of FY25.
Lovisa Holdings closed at $27.19.
Fatfish Group (ASX:FFG) finished up 6.67% after launching a placement to accelerate development of ‘blockchain and gaming assets.’ Firm commitments have already been lodged with Fatfish for $1.5 million.
Fatfish closed out the week at 1.6 cents.
In the Red
WiseTech (ASX:WTC) closed down 12.37% after today’s annual general meeting saw angry investors vent their frustration at the board’s handling of allegations surrounding founder and CEO Richard White. Coming up next the directors will front investor day on December 3.
Wisetech closed at $121.74.
Adore Beauty Group (ASX:ABY) closed down 1.48% after revealing its three-year strategy at its AGM. The company is seeking to consolidate its position as a leading omni-channel beauty retailer.
Adore Beauty Group closed at $1.00.
AML3D(ASX:AL3) closed down 8.7% after completing a two-tranche institutional placement raising around $30 million. The raise funds the rapid U.S. expansion from Ohio, to take advantage of the demand from the US Department of Defence.
AML3D closed at 21 cents.
