Bitcoin now nearly at US$56k. Picture Getty
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The ASX 200 closed +0.13% higher on Tuesday, as gains in Consumer Staples were offset by losses in Utilities and Real Estate sectors.
Local traders were cautious as stock markets in Europe slipped overnight ahead of a barrage of inflation date to be released in the coming days. Traders are also anxiously awaiting speeches from at least eight US Fed members this week.
On the ASX, the Consumer Staples sector was led by the +6% gain in Coles (ASX:COL) as the retailer released its half year results – see below for detail.
Iron ore miners were under pressure following the 3% drop in iron ore futures on Monday, followed by more softening overnight. Traders are also parsing reports that India is considering an export tax on low-grade iron ore.
Across the region today, most Asian stock markets fell.
Bitcoin keeps climbing to over US$55k, now trading at US$55,977.
“Bitcoin has got a lot of momentum and looks to be showing no signs of slowing down…,” said Farhan Badami, market analyst at eToro.
“I think it will continue to move higher in the months ahead, especially if we continue to see these solid ETF volumes.
“I’d be looking toward the first Federal Reserve rate cut as a target for bitcoin to get close to its record high,” said Badami.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| REH | Reece Limited | 28.28 | 17.39 | 683,581 | $15,561,758,920 |
| HLI | Helia Group Limited | 4.74 | 9.22 | 1,968,315 | $1,305,492,333 |
| TLX | Telix Pharmaceutical | 11.71 | 6.84 | 840,581 | $3,550,845,701 |
| COL | Coles Group | 16.79 | 5.73 | 6,923,492 | $21,253,657,560 |
| WTC | Wisetech Global Ltd | 93.86 | 5.30 | 624,283 | $29,721,662,278 |
| CSR | CSR Limited | 8.80 | 5.01 | 28,984,170 | $4,000,474,459 |
| EDV | Endeavour | 5.32 | 4.72 | 5,196,741 | $9,098,178,486 |
| OCL | Objective Corp | 12.54 | 4.67 | 36,885 | $1,140,637,556 |
| MCY | Mercury NZ Limited | 6.55 | 4.30 | 18,761 | $8,736,907,061 |
| IRE | IRESS Limited | 7.78 | 4.29 | 574,369 | $1,393,449,476 |
| MGH | Maas Group Holdings | 4.47 | 4.20 | 233,194 | $1,406,795,251 |
| NHC | New Hope Corp | 4.62 | 4.05 | 1,584,251 | $3,753,289,460 |
| PDN | Paladin Energy Ltd | 1.18 | 3.96 | 19,696,470 | $3,387,572,282 |
| FBU | Fletcher Building | 3.77 | 3.01 | 1,271,425 | $2,865,939,561 |
Recce Pharma (ASX:RCE) surged after the announcing the continuation of the work within the cpmpany’s Anti-Infective Research (AIR) Unit located within Murdoch Children’s Research Institute (MCRI). In 2023, Recce established a dedicated Anti-Infective Research Unit led by MCRI researcher Dr Sohinee Sarkar. By leveraging MCRI’s world-leading expertise and resources, Recce hopes to continue to streamline its ongoing pre-clinical programs, while investigating new indications for future clinical trials.
G8 Education (ASX:GEM) rose 11% after reporting a 9.1% increase (vs pcp) in full year group revenue to $983.4 million. Statutory NPAT was $56.1 million, up 53.1% on CY22. CY23 fully franked dividend was declared at 3.0c per share, taking the full-year dividend to 4.5c, up 50% on CY22.
Coles Group (ASX:COL)’s Group EBITDA for the half year was $1,854m, up +2.5% on pcp. Underlying EBITDA was down -0.3% to $626m. Interim dividend was declared at 36 cps, fully franked.
Adbri (ASX:ABC)’s full year revenue increased to $1.92 billion, up 13.1% on the prior year. Statutory NPAT was $92.9 million, down 9.5% on pcp, while underlying NPAT was $111.7 million, up 43.8% on pcp. The Board has decided not to declare a final dividend considering the capital requirements for the Kwinana Upgrade, and current elevated leverage.
Woodside Energy (ASX:WDS) has achieved record full year production of 187.2 MMboe (513 Mboe/d) and excellent operated LNG reliability of 98%. WDS recorded full-year NPAT of $1,660 million, and underlying NPAT of $3,320 million, when adjusted for exceptional items. A final dividend of US 60 cents per share (cps) was declared, bringing the full-year dividend to US 140 cps. The dividend is fully franked.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| BRN | Brainchip Ltd | 0.37 | -24.49 | 40,406,612 | $884,849,196 |
| JLG | Johns Lyng Group | 6.01 | -16.53 | 4,926,609 | $2,000,691,281 |
| HLS | Healius | 1.27 | -8.12 | 3,348,692 | $1,005,602,855 |
| SNZ | Summerset Grp Hldgs | 10.25 | -6.56 | 518 | $2,570,066,761 |
| MP1 | Megaport Limited | 13.66 | -5.53 | 546,417 | $2,300,944,753 |
| BFL | Bsp Financial Group | 6.85 | -5.52 | 10,509 | $3,387,344,848 |
| SQ2 | Block | 113.75 | -4.95 | 440,004 | $4,245,282,001 |
| ILU | Iluka Resources | 6.64 | -4.46 | 2,200,830 | $2,960,924,499 |
| AWC | Alumina Limited | 1.04 | -4.36 | 18,011,106 | $3,162,832,745 |
| TPG | TPG Telecom Limited | 4.72 | -4.26 | 2,133,425 | $9,166,554,428 |
| NIC | Nickel Industries | 0.70 | -3.77 | 3,308,604 | $3,128,641,212 |
| LYC | Lynas Rare Earths | 5.69 | -3.64 | 4,672,182 | $5,514,696,582 |
| NEM | Newmont Corporation | 45.83 | -3.52 | 356,136 | $8,082,425,058 |
| SMR | Stanmore Resources | 3.34 | -3.33 | 1,299,408 | $3,109,801,137 |
BrainChip Holdings (ASX:BRN) crashed -25% after reporting a full year loss of US$28.9 million, with revenue of just -$0.2m. In FY23, Brainchip reported total expenses of US$28m – of which US$7 million or a quarter were in R&D expenses. Other costs include marketing expenses of $4.7m, and share-based expenses of $11m, which include performance payments, vesting options and other rights issued to its directors.
Takeover target, Altium Ltd (ASX:ALU), said its half year enterprise revenue grew by 61% to US$20.4 million. EPS grew by 11% to USD 25.1 cents. Partially franked, interim dividend was declared at 30 cents, up by 20%.
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