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The ASX200 closed up 0.19% at 7,865 points.
The market was not influenced by benign jobs data which aligned with RBA expectations.
Sector performance was mixed and Telecommunication was today’s leader up around 1.75%, followed by Industrials and Discretionary, both up 1%. Utilities was aggressively sold off by investors, down more than 4% and Materials around 1.2%.
In the Green
NRW Holdings (ASX:NWH) closed up around 10% after releasing its FY24 results.
It was a record year with a 9.2% increase in revenue, a 16% increase in earnings and an 18.6% increase in profit. The company has a strong balance sheet with more than $246 million in cash.
NRW Holdings closed at $3.50.
Predictive Discovery (ASX:PDI) closed up around 18% after Perseus Mining (ASX:PRU) acquired about 14% of the company. Whilst pursuing a strategic stake, Perseus has expressed it doesn’t wish to gain control of Predictive Discovery.
Predictive Discovery closed at 22.5 cents.
Lotus Resources (ASX:LOT) closed up more than 4% after announcing the discovery of further thick and continuous zones of uranium at its drilling site in Botswana.
All additional infill drill holes have intersected mineralisation, confirming continuity and grade, as Lotus aims to upgrade the classification of the MRE.
Lotus Resources closed at 25 cents.
In the Red
Nufarm (ASX:NUF) closed down around 10% after amending its guidance for FY24.
The downward revision in guidance saw the market move swiftly to sell off the stock.
Nufarm finished the day at $3.96
Origin Energy (ASX:ORG) closed down more than 9% despite posting a 32 per cent jump in profit for the year, as earnings rose in both its energy markets and gas supply businesses.
But the company warned profits in energy markets for the coming year would be softer, echoing the outlook given by rival AGL yesterday.
Origin Energy closed at $9.60.
Cochlear (ASX:COH) finished down more than 7 per cent after its guidance missed expectations
A solid net profit increase of 27 per cent fell short of market expectations and the guidance appeared underwhelming to investors.
Cochlear wrapped up the day at $313.00.
