ASX Market Close: Index’s winning streak broken by the thinnest of margins | August 23, 2024

The ASX200 broke its winning streak closing slightly down by point zero four of a percent at 8,024 points.

The sectors were evenly split with Telecommunication Health Care rising 0.6%, followed closely by Discretionary around half a percent.

Utilities was the biggest faller losing 1.3%, followed by Energy down 1.1%.

In the Green

Mayne Pharma Group (ASX:MYX) finished the week on a high, climbing more than 11% higher, after FY24 results beat consensus expectations.

Mayne Pharma closed at $4.38.

Fisher & Paykel (ASX:FPH) jumped more than 11% after upgrading its revenue and profit guidance.

The company says the year to date has begun strongly across all products and regions.

Fisher & Paykel closed at $32.83.

Elixir Energy Ltd (ASX:EXR) has spiked more than 24% after successfully flowing gas to surface from the deep coals at its Daydream-2 well at its Project Grandis.

This marks the first ever flow of gas in the Taroom Trough, in Queensland’s Bowen Basin.

Elixir Energy closed at 18.3 cents.

In the Red

Accent Group (ASX:AX1) closed down more than 15% after releasing FY24 results. Best known for its brands the Athletes Foot, Hype DC and Platypus, the company saw sales in double digit decline as shoppers pared back spending.

Accent Group closed at $2.05.

Jumbo Interactive (ASX:JIN) closed down more than 16% as the online lottery ticket seller released its FY24 results. Softening margins saw profit rise at a slower rate and company guidance indicates this will continue in FY25.

Jumbo Interactive closed at $13.40.

Aurora Labs (ASX:A3D) has closed down around 5% after confirming its new 3D printing machine has gone live. The printer is capable of printing micro gas turbines for aerospace with a ‘super nickel’ alloy.

Aurora Labs closed at 6.7 cents.