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The ASX200 has been up 0.67% at 8,504 points. This marks the very first time the index has smashed through the 8,500 barrier. The positive sentiment and strong lead from Wall Street show no signs of abating as the market embraces the Santa rally.
Woolworths (ASX:WOW) has been up 0.15% on revelations industrial action cost the household name $50 million in sales. As negotiations with the union move at a glacial pace, the company has applied for a court order to gain access to its distribution sites in Victoria and New South Wales. Woolworths has been $30.40.
Discretionary has been the biggest winner, up 1.2%, followed by Staples and Financials, both up 1%. Utilities has been the only sector to lose ground, down 0.25%.
Company News
Zip Co. (ASX:ZIP) has been down 0.9% on the news founder Larry Diamond will resign from the board, some seven months after he stepped down as CEO in the U.S. He will now focus on his philanthropy projects.
Zip has been $3.40.
Trigg Minerals (ASX:TMG) has been down 15.5% after launching cutting edge unmanned aerial vehicle technologies to map antimony-gold mineralisation in the Bielsdown Fault. The mineral resource estimate will be executed at the Wild Creek deposit.
Trigg Minerals has been 3.8 cents.
Collins Foods (ASX:CKF) has been down 3.5% after the KFC and Taco Bell operator downgraded its FY25 earnings guidance and dividend. The company says difficult conditions including inflation and cost of living pressures adversely affected margins.
Collins Foods has been $8.32.
