Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 has hit yet another all-time high of 8,566 points in morning trade.
The record was driven by a strong lead from Wall Street as well as buoyant mining and real estate stocks.
Real Estate was the best performing sector, up 1.3%, followed by Materials, up 1.1%, and IT, up 0.85%. Utilities was the poorest performer, down 2.8%, followed by Telecommunication, down 0.25%.
Company News
Mesoblast (ASX:MSB) has been up 2.3% on news of the U.S. launch of Ryoncil for pediatric graft-versus-host disease. The company says the focus is on finalising logistics and approvals to make the product available this quarter.
Mesoblast has been $3.15.
Origin Energy (ASX:ORG) has been down 4.6% after revising its 2025 LNG production forecast. The company’s LNG revenue for the December 2024 quarter rose 3% from the previous quarter, reaching $2.71 billion, driven by higher LNG volumes and prices.
Origin Energy has been $10.70.
PYC Therapeutics (ASX:PYC) has been down 1.2% after to the next stage of its escalating single-dose study using its drug to treat a genetic children’s disease causing blindness.
PYC Therapeutics has been $1.20.
-1200x645-380x200.jpg)
