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The ASX200 closed up 0.12% at 7,980 points to sign off Monday trade.
This continues the string of positive sessions for the bourse, albeit only a marginal increase today.
As reporting season continues, investors are digesting a smorgasbord of company annual results.
Sectors are fairly evenly split with Utilities advancing around 1.7% on the back of AGL and Origin Energy, and Financials around 0.8% and Health Care around 0.6%.
Consumer Staples are the worst performing sector, retreating around 0.85%, followed by Materials point six of a percent.
In the Green
Westpac (ASX:WBC) closed up more than 2.2% after announcing its quarterly results. The bank achieved a 6% increase in net profit compared to it first half average, and a 3 basis point increase in net interest margin to 1.92%.
The market responded favourably by driving the stock higher.
Westpac closed at $30.32.
Concussion management technology play Hit IQ (ASX:HIQ) finished the day up more than 11% after signing its first school agreement with Australia’s Premier Sports High School.
The company says the agreement is a strategic expansion outside of elite sports, and aims to partner with many more schools nationally.
Hit IQ closed at 1.9 cents.
Audinate (ASX: AD8) closed up 21% after announcing its FY24 results.
The company posted an all time record 33% increase in gross profit to US$44.5 million and a record 85% increase in earnings to $20.4 million. Investors reacted with delight and pushed the stock higher.
Audinate closed at $11.42
In the Red
Regis Resources (ASX:RRL) closed down 2.1% after responding to the federal government’s declaration of protection over part of its McPhillamys Gold Project in Central West New South Wales. The company has expressed disappointment at the move and is now questioning the feasibility of the project.
Regis Resources closed at $1.61.
Bluescope (ASX:BSL) closed down more than 3% after releasing FY24 results. The company posted a 6% fall in revenue on the back of weak steel prices and profits declined 22% to $861 million.
Bluescope closed at $19.89
Ampol (ASX:ALD) closed down more than 4.8% after tripling profit to $235 million, but cutting its interim dividend by 37 per cent. The company’s performance was hit hard by a 29 per cent fall in fuel business earnings.
Ampol closed at $30.54.
