Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 closed up 0.19% at 8,555 points.
The Aussie index flirted with yet again breaking its all-time record as investor enthusiasm builds on the eve of the RBA’s rate decision next week.
The Australian dollar continues to recover and has been trading at 63.2 cents.
Staples was the best performing sector, up 1.9%, followed by IT, up 1%, and Discretionary, up 0.75%.
Energy was the worst performer, down 0.7%, followed by Financials and Health Care – both down around 0.25%.
In the Green
Siren Gold (ASX:SNG) closed up 3.3% after flagging drilling at the Sams Creek Project at the top of New Zealand’s South Island in Golden Bay.
Siren Gold closed at 6.2 cents.
GQG Partners (ASX:GQG) closed up 2.9% on its full-year results. The company chalked up a 50.4% increase in net operating income, to US$578 million.
GQG Partners closed at $2.44.
Firefly Metals (ASX:FFM) closed up 1% on the release of its quarterlies. Despite improved income, the company recorded a loss of $2.6 million for the quarter, which is an improvement compared to a larger $13.4 million loss in the previous year.
Firefly Metals closed at $1.03.
In the Red
Cochlear (ASX:COH) was hammered and closed down 13.7% after posting a 5% increase in sales revenue to $1.17 billion and a 7% lift in net profit to $206 million for the six months ending December. Investors reacted unfavourably and the company had its worst day in five years.
Cochlear closed at $262.73.
BMG Resources (ASX:BMG) closed down 6.2% on news of the advancement of its Phase Two drilling program at the Abercromby Gold Project, following the completion of Phase One drilling.
BMG Resources closed at 1.7 cents.
Macarthur Minerals (ASX:MIO) closed down 5.1% after releasing an update. The reports for the nine months ending December 31 revealed a net loss of $25.6 million.
Macarthur Minerals closed at 3.7 cents.
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
