ASX Large Caps: Coal stocks gain, online fashion retailer Cettire jumps 20pc as sales double

The ASX gained 0.1% on Thursday ahead of US CPI data tonight
Coal stocks gained, while most Asian markets finished lower
Fashion retailer Cettire up by more than 20pc on strong FY23 results

Local shares climbed modestly by 0.1% on Thursday, driven by coal stocks.

The likes of Yancoal (ASX:YAN) and Whitehaven Coal (ASX:WHC) were 5% higher as coal prices kept climbing today.

The front end benchmark Newcastle coal futures is currently trading at US$148,25, which is 3% higher from the previous day.

Oil stocks also rallied as crude prices rose 1.5% last night to the highest level this year.

Traders are concerned about a possible escalation in the Russia-Ukraine war, which has entered into its 533rd day as of today.

Meanwhile, potential worker strikes at major LNG gas facilities in Australia could disrupt 10% of global exports.

The strikes planned at Chevron Corp and Woodside Energy (ASX:WDS) could begin as soon as next week. The price of European natural gas jumped last night by as much as 40%.

Elsewhere, Asian stock markets were mostly down today ahead of the US inflation reading tonight.

Wall Street consensus has the headline CPI index rising by 0.2% for July, and a 12-month rate of 3.3%.

“We can feel confident that inflation is moving in the right direction,” said Mark Zandi, chief economist at Moody’s Analytics.

“But I don’t think we should be overly confident.”

BIG CAP WINNERS

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Code	Name	Price	% Change	Volume	Market Cap
CTT	Cettire	3.27	16.79	6,027,905	$1,067,467,016
BLD	Boral Limited	4.73	8.12	4,129,040	$4,820,496,391
BOE	Boss Energy Ltd	3.37	8.01	4,455,564	$1,101,006,089
AUB	AUB Group Ltd	28.81	7.10	337,954	$2,916,111,178
STX	Strike Energy Ltd	0.44	6.02	3,455,678	$1,050,593,963
PDN	Paladin Energy Ltd	0.81	5.92	10,908,450	$2,265,658,000
SMR	Stanmore Resources	2.88	5.49	1,229,864	$2,460,799,161
NHC	New Hope Corp	5.87	5.49	7,697,278	$4,699,333,790
WHC	Whitehaven Coal	7.49	4.90	6,553,316	$5,973,329,598
ABC	Adbri Limited	2.61	4.40	1,811,256	$1,633,323,858
AMP	AMP Limited	1.15	4.32	31,800,001	$3,078,460,507
YAL	Yancoal Aust Ltd	5.17	4.13	2,726,784	$6,549,379,608
SYA	Sayona Mining Ltd	0.14	3.85	21,154,837	$1,338,128,482
GMD	Genesis Minerals	1.40	3.52	7,108,773	$1,398,460,329
EMR	Emerald Res NL	2.35	3.30	1,151,091	$1,352,975,542
BPT	Beach Energy Limited	1.71	2.71	12,183,751	$3,787,013,869
STO	Santos Ltd	8.06	2.68	7,322,760	$25,495,017,744

Cettire (ASX:CTT) was the best performer today, up by 21% after reporting a strong FY23.

Cettire’s sales revenue was up 98% on pcp to $416.2 million, while Adjusted EBITDA was $29.3 million, up from a loss of $21.5 million in the pcp.

“FY23 has been another year of tremendous growth and transformation for Cettire,” said CEO and founder, Dean Mintz.

“Through strong execution against our strategy to maximise profitable revenue growth, Cettire grew rapidly whilst also delivering significant profitability and cash generation.”

AMP (ASX:AMP) rose 4% after reporting half-year profit of $112 million, which was flat vs the pcp. The company’s Advice business bettered its losses during the half, with NPAT loss of $25 million improving by $5 million vs the pcp.

Insurance brokers network AUB Group (ASX:AUB) jumped 6% after announcing an underlying NPAT for FY23 of approximately $129 million, which is 5.7% above the mid-point of its FY23 guidance range.

Buildings product group Boral (ASX:BLD) surged 8% after reporting a 38% lift on EBITDA. The BLD stock price has risen by more than 80% since turnaround expert Vik Bansal became CEO in June 2022.

BIG CAP LOSERS

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Code	Name	Price	% Change	Volume	Market Cap
DOW	Downer EDI Limited	4.10	-6.51	7,388,749	$2,941,492,714
XRO	Xero Ltd	117.03	-4.11	223,424	$18,475,123,154
AZS	Azure Minerals	2.62	-3.68	3,859,615	$1,061,442,116
AGL	AGL Energy Limited.	11.24	-2.98	5,158,381	$7,790,412,958
ALU	Altium Limited	36.83	-2.98	148,432	$4,997,323,878
ASK	Abacus Storage King	1.22	-2.80	885,429	$1,642,628,703
CTD	Corp Travel Limited	19.55	-2.78	378,016	$2,942,610,752
RIO	Rio Tinto Limited	109.74	-2.76	1,811,804	$41,891,749,750
SGM	Sims Limited	14.41	-2.64	374,026	$2,859,086,496
SNZ	Summerset Grp Hldgs	9.25	-2.53	112	$2,212,702,094
MP1	Megaport Limited	10.22	-2.39	883,730	$1,662,453,194
IEL	Idp Education Ltd	23.71	-2.35	494,675	$6,758,003,203
GOR	Gold Road Res Ltd	1.67	-2.35	2,457,899	$1,838,708,472
LIC	Lifestyle Communit.	17.01	-2.30	110,713	$1,820,130,731
SEK	Seek Limited	25.24	-2.17	935,388	$9,190,480,902
A2M	The A2 Milk Company	5.11	-2.11	3,446,478	$3,768,715,837
CNI	Centuria Capital	1.59	-2.00	708,074	$1,299,669,790

AGL Energy (ASX:AGL) fell over 4% today after declaring a loss of $1.26 billion for the full year, due mainly to previously flagged write-downs.

QBE Insurance (ASX:QBE) dropped almost 2% after the insurer reported a 13% growth in written premiums for the half year, and paid 14c interim dividends.