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It was a lacklustre day for the ASX200, closing up 0.17%, with the bourse finishing flat, despite some eyebrow raising reactions to big name earnings.
Meanwhile, the Australian jobs market is slowing, as reflected in Seek’s results, which predicted a falling number of job postings continuing through FY25.
A mixed bag saw seven out of the eleven sectors finish in the green. Financials finished up 0.94%, followed closed by Discretionary 0.68% and Energy 0.58%.
Weighed down by CSL, Health Care was the biggest loser, down 3%, and Telecommunication also fell 0.6%.
In the Green
Temple & Webster (ASX:TPW) closed up 23.26% after obliterating market expectations with its FY24 results. Earnings came in around 23% above consensus and investors have responded by pushing the stock higher.
As if that was not enough, the company says July and August sales are already 26% ahead of last year.
Temple and Webster finished the day at $11.71.
LTR Pharma (ASX:LTP) spiked up 29% today after inking a Co-Development Agreement with Aptar Pharma for its Spontan nasal spray. The goal is to launch the treatment in the US and other markets. Both companies bring strong expertise to the collaboration.
LTR Pharma closed at $1.24.
Alligator Energy Ltd (ASX:AGE) finished the session up 5.41% on the back of its maiden drilling program at its Big Lake Uranium Project yielding significant results.
The discovery picked revealed anomalous uranium within sand units in the Namba Formation. The company says this proves the concept of a substantial amount of uranium being present in South Australia’s Lake Eyre.
Alligator Energy closed at 3.9 cents.
In the Red
Global biotech juggernaut CSL (ASX:CSL) crashed 4.58% today after revealing its FY24 results. Investors were disappointed with the company’s FY25 guidance which indicates a decline in revenue is on the cards.
CSL finished the day at $294.78
Renegade (ASX:RNX) closed down more than 18% after reporting its latest raft of finds on-site at its copper acreage, revealing high-grade hits in rock chips.
Its Northern Territory prospect named Magazine had numerous samples including one sample at 40% copper and 2g/t gold.
Renegade pulled up stumps at $0.009.
And finally, Netwealth Group (ASX:NWL) closed down 5.57% on news of the FY24 results.
The company reported an 19% increase in revenue and a 24% lift in profits. However, the results fell marginally short of analysts expectations.
Netwealth Group closed at $20.70
