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The ASX200 closed down 0.33% 8,045 points.
Retail Sales data from the ABS comes out tomorrow, the next local economic data that could serve as a catalyst. Any signs of weakness may increase calls for the RBA to cut rates.
Financials finished the day the leading sector up around a third of a percent. Nearly all other sectors chalked up losses. Energy was the biggest loser down 2.15%, followed closely by Discretionary 1.9% and Staples 1.14%
In the Green
Hyterra (ASX:HYT) has advanced around 68% after Fortescue acquired a strategic 40% stake in the company for just over $20M. The two companies will enter into a strategic alliance to progress the Nemeha Project in Kansas in the United States.
Hyterra closed at 5.2 cents.
Bega Cheese (ASX:BGA) closed up more than 9% on FY24 results.
The companies revenues were up 4% year over year, profit after tax up 2% and the board declared a fully franked dividend of 4 cents per share.
Bega Cheese closed at $4.66.
South32 (ASX:S32) finished the session up two thirds of a percent on news of FY24 results. The company rose today despite results revealing a widening in full year net loss.
South32 closed at $3.10.
In the Red
Boss Energy (ASX:BOE) closed down more than 8% after releasing FY24 results.
This came even as net profit increased to $44.6 million from $12.6 million year over year. The result was attributed to higher uranium prices.
Boss Energy closed at $2.78.
Webjet (ASX:WEB) finished down more than 6% after posting annuals.
The company had mixed results with its online travel agent business down 10% and subdued bookings over the last two months.
Webjet closed at $7.80.
Silex Systems (ASX:SLX) closed down around 13% on FY25 results.
The company is continuing to develop its laser based uranium enrichment technology in the United States as it moves closer to commercialisation.
Silex Systems closed at $3.90.
