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The ASX200 has once again closed higher, up 0.21% at 8,027 points.
The IT sector was the strongest performer up 1.9%, followed by Industrials 1.3% and Real Estate 0.8%.
Utilities was the poorest performer and finished the day around a third of a percent in the red.
In the Green
Whitehaven Coal Ltd (ASX:WHC) closed up around 7% on news it will sell 30% of Blackwater coal mine in Queensland for US$1.08 billion to a Japanese joint venture. The deal will close early next year.
Whitehaven Coal finished the day at $7.68.
Oncology specialist Clarity Pharmaceuticals (ASX:CU6) climbed more than 8% after its drug to treat prostate cancer was approved for fast tracking by the US Food and Drug Administration.
Clarity Pharmaceuticals closed at $6.89.
Company 3
Super Retail Group (ASX:SUL) finished up more than 6% after posting a 2% increase in sales to $3.9 billion. The company achieved a 10 basis point increase in gross margins, but this was more than offset by a 120 basis point increase in operating costs.
Super Retail Group closed at $17.70.
In the Red
Insignia Financial (ASX:IFL) were slaughtered down around 15% today after dividends were paused. The company’s explanation of protecting the balance sheet was not accepted by investors who abandoned the stock.
Insignia Financial closed at $2.47.
Collins Foods (ASX:CKF) fell more than 12% upon the release of results. The KFC Australia owner says sales increased 1.1%, however the company says any profit gains were eaten up by inflation.
Collins Foods closed at $7.69.
Monash IVF (ASX:MVF) closed down nearly 10% after agreeing to a $56 million class action settlement following allegations it destroyed potentially viable embryos.
More than 700 patients across Australia were involved in the case, and the company has made no admission of liability in the settlement.
Monash IVF closed at $1.26.
