ASX 200 finsihed higher to end February. Picture Getty
ASX Large Caps: Energy, Mining lead broad rally, Harvey Norman slumps 8pc on profit miss
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- The ASX 200 climbed higher by 0.5% on the last day February, but was down 3% for the month
- Earnings were mixed today. CogState jumped while Harvey Norman slumped after their earnings reports
- Aussie retail sales rose in January
Aussie shares half a percent on the final trading day of February, tracking moves in New York overnight. For the full month however, the ASX 200 index was down 3%.
Energy, Mining and Real Estate sectors were the major winners today as shares like Meridian Energy (ASX:MEZ) and Woodside Energy (ASX:WDS) climbed.
Among the miners, stocks to have gained include De Grey Mining (ASX:DEG) and Fortescue Metals (ASX:FMG).
Cement manufacturer Adbri (ASX:ABC) meanwhile fell 7% following its full year results announcement. Adbri reported an 8.4% increase in revenue to $1.7 billion, but its profit declined by 31% to $77.7m.
The company said interim Adbri CEO Mark Irwin is in the box seat to become the next CEO.
Pilbara Minerals (ASX:PLS) fell 1% despite reports in the AFR that UBS has gobbled up a 2% stake in the company.
Meanwhile, Australian retail turnover rose 1.9% in January 2023, according to figures released today by the ABS.
This follows a 4% fall in December 2022 and comes amid the debate over the RBA’s next move.
“Looking through this volatility shows that turnover is at a similar level to September 2022, and on average, growth has been flat over the past few months,” said Ben Dorber, ABS head of retail statistics.
In other markets, Hong Kong has finally ended its Covid mask mandate after 945 days.
The city has ‘completely’ returned to normalcy, says its leader, John Lee. The Hang Seng index rose 0.4% on Tuesday.
BIG CAP WINNERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| DEG | De Grey Mining | 1.39 | 7.34 | 3,144,797 | $2,021,711,155 |
| SYR | Syrah Resources | 1.88 | 6.52 | 1,743,962 | $1,186,881,134 |
| CMM | Capricorn Metals | 3.81 | 5.54 | 1,407,783 | $1,356,487,012 |
| TLX | Telix Pharmaceutical | 6.93 | 5.48 | 2,295,579 | $2,083,248,995 |
| APM | APM Human Services | 2.32 | 5.45 | 2,981,343 | $2,017,800,281 |
| GOR | Gold Road Res Ltd | 1.465 | 5.40 | 2,275,149 | $1,498,259,406 |
| OCL | Objective Corp | 12.56 | 5.37 | 38,638 | $1,135,002,947 |
| PNV | Polynovo Limited | 2.44 | 5.17 | 1,447,381 | $1,599,831,982 |
| CHN | Chalice Mining Ltd | 6.34 | 5.14 | 964,036 | $2,269,976,580 |
| RRL | Regis Resources | 1.74 | 5.14 | 2,157,771 | $1,249,567,906 |
| BGL | Bellevue Gold Ltd | 1.06 | 4.43 | 3,796,431 | $1,146,061,644 |
| DOW | Downer EDI Limited | 3.15 | 4.30 | 7,758,009 | $2,028,152,511 |
CogState (ASX:CGS) rose over 10% after it announced a share buyback following a weak half where the company reported zero profit after a $4.6m profit in the pcp.
NextDC (ASX:NXT) rose 2.5% despite swinging to a net loss of $2.8m for the half. The data centre company had reported a $10.2m profit in the pcp.
BIG CAP LOSERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| HVN | Harvey Norman | 3.80 | -8.65 | 15,886,972 | $5,183,387,681 |
| ABC | Adbri Limited | 1.71 | -7.34 | 4,684,772 | $1,200,834,701 |
| YAL | Yancoal Aust Ltd | 5.90 | -4.38 | 9,319,449 | $8,147,111,326 |
| ZIM | Zimplats Holding Ltd | 26.18 | -4.17 | 8,503 | $2,940,660,571 |
| AX1 | Accent Group Ltd | 2.21 | -4.13 | 2,147,331 | $1,270,657,903 |
| IVC | InvoCare Limited | 9.46 | -4.06 | 979,549 | $1,420,438,827 |
| WBT | Weebit Nano Ltd | 7.30 | -3.95 | 2,032,943 | $1,319,670,498 |
| HLS | Healius | 2.73 | -2.85 | 2,698,733 | $1,600,303,573 |
| SNZ | Summerset Grp Hldgs | 8.38 | -2.56 | 161 | $1,996,205,288 |
| JBH | JB Hi-Fi Limited | 41.93 | -2.49 | 684,161 | $4,701,361,183 |
| SQ2 | Block | 111.51 | -2.38 | 100,302 | $3,562,402,596 |
| ARU | Arafura Rare Earths | 0.59 | -2.08 | 18,603,958 | $1,267,027,094 |
| SUL | Super Ret Rep Ltd | 13.00 | -2.03 | 1,024,793 | $2,996,717,655 |
| BRG | Breville Group Ltd | 21.15 | -1.90 | 211,760 | $3,078,366,229 |
| AMC | Amcor PLC | 16.60 | -1.89 | 1,341,311 | $11,033,056,971 |
| CMW | Cromwell Prop | 0.68 | -1.80 | 1,464,842 | $1,820,112,356 |
| LSF | L1 Long Short Fund | 2.82 | -1.74 | 558,984 | $1,761,679,452 |
Furniture retailer Harvey Norman (ASX:HVN) crashed 9% after EBITDA for the half fell $60.4m on pcp to $694m.
HVN announced Profit Before Tax of $522.67 million for 1H23, a decrease of $89.57 million or –14.6% from 1H22.
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