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ASX Market Update: Bourse nears record approaching week’s end | November 22, 2024

ASX News, Market Summary
22 November 2024 13:55 (AEDT)

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The ASX200 has been up 1% at 8405 points.

The bourse is near record territory to close out the week on the back of a strong session on Wall Street overnight.

Back home, Energy has been the strongest performing sector, up 2.8%, followed by Health Care, down 1.6% and Utilities, down 1.5%.

Information Technology has been the only sector to fall, down 3.1%.

Company News

Megaport (ASX:MP1) has been down 11.3% after it reaffirmed its guidance for FY25. This fell short of an upgrade as expected by some investors.

Megaport has been $7.40.

Mineral Resources (ASX:MIN) has been up 2.6% on news broker Citi has upgraded the stock from sell to neutral, with a $35 price target.  

Mineral Resources has been $34.70.

iTech Minerals (ASX:ITM)  has been up 1.5% on news of a partnership with the Chilean subsidiary of SQM. The partners will develop Reynolds Range Lithium Project in the Northern Territory.

iTeach Minerals has been trading at 6.7 cents.

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