Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 has been down 0.25% at 8178 points.
Wall Street hit fresh records overnight as Donald Trump was voted in by the people for a second Presidential term kicking off in January.
As a result, the Trump Trade has been going strong – most notably equities in general, but also crypto godfather asset Bitcoin.
The pivot into stock markets has robbed some tailwinds from the record-setting gold price this year, prices dipped overnight below $2,700 USD per ounce.
Company News
Chemist Warehouse’s backdoor listing is set to go ahead after the ACCC approved the merger with Sigma Healthcare (ASX:SIG).
Both companies entered into a crucial court-enforceable undertaking, with the regulator subsequently approved the deal.
Sigma Healthcare has been up 23% at $2.40.
National Australia Bank (ASX:NAB) has been down 1.8% on FY24 results. The company reported a 6.1% fall in net profit to $6.96 billion. Despite the decline, a final fully franked dividend of 85 cents per share was declared.
NAB has been $38.53.
Spartan Resources (ASX:SPR) has been down 14.5% on news of fresh high-grade gold hits boasting visible gold. The unnamed prospect has a 24m intersection grading at 2.4g/t gold from 503m depth and included a 3m pocket with grades of 11.4g/t gold.
Spartan Resources has been $1.28.
-1200x645-380x200.jpg)
-1200x645-380x200.jpg)