The ASX200 has been down 0.16% at 8,015 points.
The market was lead lower by Wall Street as investors await an overnight speech by US Federal Reserve Chair, Jerome Powell.
Back in Oz, Utilities has suffered the biggest losses, down more than 1.4%, followed by Energy 1.1%. Telecommunication is in the green – up around 0.5%, followed by Health Care 0.25%.
Company News
Elixir Energy (ASX:EXR) has spiked more than 20% on news its flowed the first gas to surface from its Queensland Daydream-2 well. The company’s announcement has been the most watched on HotCopper today.
Elixir Energy has been trading at 17.5 cents.
Fisher & Paykel (ASX:FPH) has been up around 10% after upgrading its profit guidance.
The Health Care company increased its profit guidance by $10 million to between $320M and $370M dollars.
The company’s share price has increased more than 46% year to date.
Fisher and Paykel has been trading at $32.32.
Poultry play Inghams (ASX:ING) has been down more than 20% after forecasting a drop in poultry volumes. The company says the decline is due to a new supply agreement with Woolworths and the effects of cost-of-living pressures.
Inghams has been exchanged at $3.10.
Mayne Pharma Group (ASX:MYX) has been up more than 10% on FY24 results. The company posted a 112% increase in revenue year over year, and a 162% increase in gross profit.
Mayne Pharma Group has been trading at $4.35.