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The ASX200 finished up 0.4% at 7,982 points as the market embraced slightly more positive sentiment.
In a speech today, RBA Governor Michele Bullock has raised the prospect of higher interest rates if inflation is not slayed. Speaking at a charity event, Ms Bullock reiterated a willingness to hike rates if inflation is persistent.
The Information Technology sector lead the market higher, up around 2.3%, followed by Real Estate 2% and Financials 1%. Energy was the biggest loser, down nearly 4% and Utilities shed 1.6%
In the Green
Sovereign Metals (ASX:SVM) jumped more than 6% today after yesterday’s battery anode material news.
The company confirmed its Kasiya graphite concentrate to be an excellent source for battery production.
Sovereign Materials closed at 67.5 cents.
Environmental intelligence technology company Envirosuite (ASX:EVS) finished up around 11% after Hitachi Construction Machinery invested $10 million to help the company deliver net zero.
Dual listed in Tokyo and Oz, Envirosuite continues to rally on the Hitachi deal.
Envirosuite closed at 6 cents.
TPG Telecom Limited (ASX: TPG) has closed up around 1.8% after the Australian Competition and Consumer Commission (ACCC) approved its regional network sharing arrangement with Optus.
The company says it will bring much needed competition to rural and regional areas.
TPG closed at $4.97.
In the Red
Woodside Energy Group Ltd (ASX:WDS) has seen its share price fall 6.8% after Citi downgraded its status from neutral to sell. The dividend payout, M&A activity, and bearish macroeconomic conditions contributed to the move.
Coronado Global Resources (ASX:CRN) was down 16% on news that its anticipated coal production for FY24 has been revised downwards to 15.4 and 16 million metric tonnes.
This was influenced by heavy rainfall and mechanical repairs at the company’s Curragh Complex in Queensland, which impacted production guidance for Q4.
Coronado Global Resources has closed at 92 cents.
Aura Energy (ASX:AEE) closed down more than 6% after submitting its exploitation permit application for the Haggan Project in Sweden.
Despite the company being focused on responsibly and sustainably advancing the project, investors reacted unfavourably.
Aura Energy closed at 11 cents.
