Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 has been up 0.2% at 8,208 points in afternoon trade.
The Westpac–Melbourne Institute Consumer Sentiment Index declined –0.7% to 92.1 in January, from 92.8 in December. Consumer mood has soured for two months in a row and remains on the pessimistic side. The survey results were also weaker later in the survey period than in the first two days.
However, sentiment is still less negative than a year ago and some components suggest consumers expect things to continue to improve from here.
Energy and Telecommunication have been the strongest sectors, up 0.9%, followed by Real Estate, up 0.85%, and Materials 0.7%.
Discretionary has been the worst, down 0.33%.
Company News
Wellard (ASX:WLD) has been up around 100% after selling its remaining livestock vessel, the M/V Ocean Drover, for US$50 million ($81.2 million). The transaction signifies the sale of Wellard’s primary undertaking and requires shareholder approval.
Wellard has been 14.5 cents.
Auric Mining (ASX:AWJ) has been up 3.3% after strong sales at its Jeffreys Find Gold Mine in Western Australia. The company has sold more than 14,800 ounces of gold, generating revenues of $58.7 million.
Auric Mining has been 31.5 cents.
Pivotal Metals (ASX:PVT) has been up 14.3% after presenting its vision for building a copper business in Quebec, validating the region as one of the world’s premier mining jurisdictions. The company highlighted its ongoing exploration endeavours and its comprehensive growth trajectory.
Pivotal Metals has been $0.008.
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
-1200x645-380x200.jpg)