ASX Market Close: Index hits new record before paring gains | November 25, 2024

The ASX200 closed up 0.28% at 8417 points.

The local bourse hit a new all-time record of 8,462 points in intra-day trade.

Cuscal (ASX:CCL) debuted on the ASX today; the company’s second listing attempt after shelving plans last year. The IPO did not goes as planned, with the company closing 7.6% below the offer price. Cuscal finished its first day at $2.31.

Real Estate was the best performing sector, up 1.6%, followed by Health Care, up 1.35% and Discretionary, up 1.1%.

In the Green

SG Fleet Group (ASX:SGF) has closed up 18.35% after Pacific Equity Partners (ASX:PEP) offered to buy all shares at $3.50 each. The SG Fleet Board has granted PEP a period up until November 29 to conduct due diligence and prepare a binding offer.

SG Fleet closed at $3.16.

4DMedical (ASX:4DX) closed up 11% on news of a deal with US-based Imaging Partners of Orange County (IPOC). The contract signifies 4DMedical’s first engagement with an independent radiology provider in the United States.

4D Medical closed at 50.5 cents.

Bigtincan (ASX:BTH) closed up 5.71% after Vector Capital Management lobbed a superior acquisition offer into play. The 22 cents per share offer has been labelled “superior” by the Bigtincan board.

Bigtincan closed at 18.5 cents.

In the Red

Yandal Resources (ASX:YRL) closed down 41.33% on news of  promising assay results from follow-up drilling at the Siona gold discovery in WA.

Yandal Resources closed at 22 cents.

The IPD (ASX:IPG) closed down 11.7% after its guidance for the first half FY2025 fell well short of expectations. First half EBITDA is expected to be $22.5 million to $23.1 million, well down from $24.8 million a year ago.

IPD closed at $3.69.

Smartpay (ASX:SMP) closed down 3.23% after a reported 26 percent drop in first half earnings. The company achieved revenues of $50.8 million, reflecting an 8% growth from the previous period’s $46.9 million.

Smartpay Holdings closed at 60 cents.