The ASX200 has been up 0.1% at 8,212 points, clawing back some of yesterday’s losses.
Coles (ASX:COL) and Woolworths (ASX:WOW) have fought back in the Federal Court against ACCC claims of sham discounting. The companies say almost every alleged instance of the practice involved a supplier requested price hike due to an inflation outbreak. Coles has been up 1.6% at $18.20; Woolworths has been up 1.6% at $33.05.
Staples has been the best performing sector, up 1.3%, followed by Discretionary, up 0.6%, and Materials 0.3%.
IT has been the worst performing sector, down 1.2% followed by Health Care, down 0.6%.
Company News
4DMedical (ASX:4DX) has been up nearly 5% on news of a $1.9 million grant from the Federal Government. The grant will fund expansion and ramp-up of clinical trials for CT:VQ: A Better Pulmonary Perfusion Test.
4DMedical has been 54 cents.
Playside Studios (ASX:PLY) has been down 28% as FY25 guidance fell substantially short of expectations, and below FY24 actuals.
Playside Studios has been 51.5 cents.
Astral Resources (ASX:AAR) has been up 2% after highlighting a drill intercept only 3m in length but grading in at 177g/t gold from the latest run at its Feysville project in Kalgoorlie, WA.
Astral Resources has been 12.8 cents.