Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 recovered early losses to be up by the tiniest of margins up 0.02% to 7,972 points in flat trading.
The leading sectors are Discretionary and Materials, which have been up about 0.4%. Real Estate is lagging, dropping one per cent and the Energy sector has continued its losses, down another 0.6%.
Company News
Alcoa (ASX:AAI) has debuted on the ASX via a backdoor listing, facilitated by the acquisition of Alumina (ASX:AWC). The iconic company, which has a primary listing on the New York Stock Exchange, refines bauxite and aluminium, and operates in 17 countries.
Alcoa has opened with very low volumes trading at $52.80.
Flight Centre (ASX:FLT) has shed more than 4% after reducing its FY24 guidance range. However, the company says FY24 revenue is up around 8% to $23.7 billion, despite airfare price pressure.
Flight Centre has been trading at $22.04.
Pilbara Minerals (ASX:PLS) is up 1% after releasing its June Quarter activities report. The market responded favourably to record production of spodumene concentrate and a 58% increase in revenue, compared to the prior quarter.
Pilbara Minerals has been trading at $2.92.
And Argosy Minerals (ASX:AGY) has dropped nearly 40% (38%), after announcing the indefinite suspension of operations at its Rincon Lithium Project in Argentina, due to short-term lithium price forecasts.
Argosy Minerals has been trading at 5 cents.
That’s market update we’ll bring you the day’s highlights once the session’s closed.
