Join our daily newsletter At The Bell to receive exclusive market insights
It’s a green day all round on the market leading into mid-session trades with the ASX200 up around three quarters of a per cent.
All sectors are in the green. Industrials has gained the most so far, up 1.1%, financials and health care follow, both up over 0.9%.
SkyCity Entertainment Group (ASX:SKC) shares are down around 14%, following the release of its updated earnings guidance report for FY2024.
The company now expects its EBITDA for FY24 to be between $280 million and $285 million and net profit at $120 million to $125 million, a $10 to $25 million fall compared to its previous net profit guidance.
The company has red-flagged an ongoing, challenging economic environment impacting customer spending.
SKC has been trading at $1.39.
SRG Global (ASX:SRG) has been awarded multiple contracts with existing clients in the renewable energy, resources, and energy sectors across Australia.
The mining engineering company said the value of the new works is $125 million.
Some of the companies include major players such as Rio Tinto, BHP, and Origin Energy.
SRG has been trading at 89 cents.
European Lithium (ASX:EUR) has boosted its Wolfsberg lithium project in Austria with a US$15 million payment from BMW for battery-grade lithium hydroxide.
ECM Lithium AT GmbH, a subsidiary of Critical Metals Corp (83.03% owned by European Lithium), will supply the lithium to BMW. This deal supports Critical Metals’ goal to be a key lithium-ion battery supplier in Europe.
EUR is up 6%, trading at 5.3 cents.
Counter-drone company Droneshield (ASX:DRO) is up nearly 5% after officially hitting a one billion-dollar market cap, following a strong year of growth in the US market.
However, this comes the day before the company announced it will be conducting a share placement on Friday.
DRO has been trading at $1.42.
