It was mostly about corporate earnings today as investors digested a smorgasbord of half yearly results from some of the bigger names.

As the dust settled, the ASX 200 was up 1%, in line with movements seen on Wall Street overnight.

Healthcare was the clear outperformer, surging by 5.5% on the back of CSL’s solid first half. The blood plasma giant carries more than 60% of the sector’s weighting.

Meanwhile, China’s consumer inflation came in lower than expected, pointing to easing demand in the country which has put pressure on the Mining and Energy sectors today – both were down around 0.5%.

Weakness in both sectors also came amid reports that Russia had pulled some of its troops from the Ukraine border overnight, easing geopolitical tensions and the prices of oil and gold.

Overnight, the spot gold price pulled back 1%, while Brent crude shaved 3% on the news.

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
LTR Liontown Resources 1.635 17.6% 50,952,988 $3,047,193,025
IMU Imugene Limited 0.31 12.7% 29,873,319 $1,607,861,526
TWE Treasury Wine Estate 11.77 11.7% 4,847,656 $7,608,279,775
AVZ AVZ Minerals Ltd 0.81 11.0% 41,309,998 $2,520,006,048
VCX Vicinity Centres 1.86 10.7% 24,294,849 $7,647,822,601
CSL CSL Limited 264.07 8.7% 1,884,549 $117,054,622,638
CXO Core Lithium 0.81 8.0% 16,639,553 $1,270,746,937
INR Ioneer Ltd 0.615 7.9% 5,859,312 $1,168,812,587
CTD Corp Travel Limited 24.39 7.8% 470,616 $3,204,842,677
ORA Orora Limited 3.56 7.6% 6,028,868 $2,868,787,728
ASM Ausstratmaterials 8.36 7.3% 291,767 $1,086,751,787
FBU Fletcher Building 6.25 7.2% 2,087,216 $4,718,459,639
PDN Paladin Energy Ltd 0.745 7.2% 7,409,625 $1,861,863,986
LKE Lake Resources 0.91 7.1% 7,012,703 $1,038,955,095
PBH Pointsbet Holdings 4.87 7.0% 1,576,540 $1,202,470,169
GMA Genworth Mortgage 2.82 6.8% 55,435,519 $1,086,339,334
HMC Homeco Limited 6.45 6.1% 389,249 $1,764,819,438

Market darling Liontown Resources (ASX:LTR) surged 18% today after signing a sales agreement with Tesla for the supply of lithium spodumene concentrate from its new $473 million Kathleen Valley Project in WA.

From 2024, Tesla will purchase 100,000 dry metric tonnes of spodumene concentrate in the first year, increasing to 150,000 DMT per year for the remaining four years of the five-year term

Blood products giant CSL (ASX:CSL) delivered a 5% jump in revenue for the first half, but its net profit slid by 5%.

Despite the top line growth, net profit declined 5% o $1.76 billion compared to the pcp, but this could be due to the fact that NPAT had risen 45% during the previous year’s half.

Investors gave Treasury Wine (ASX:TWE)’s earnings the thumbs up despite its half year sales revenue falling by 10% to $1.267bn.  Bottom line NPAT was down 7.5% to $109m. TWE has been struggling since sales to China virtually evaporated overnight.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
NWL Netwealth Group 13.4 -10% 2,026,478 $3,620,620,095
HUB HUB24 Ltd 23.52 -8% 615,790 $1,749,241,538
IFT Infratil Limited 7.22 -3% 5,038 $5,417,052,581
EML EML Payments Ltd 2.92 -3% 7,254,018 $1,127,800,107
STO Santos Ltd 7.2 -3% 10,892,037 $25,063,220,099
BFL Bsp Financial Group 4.35 -2% 3 $2,079,144,232
BHP BHP Group Limited 47.14 -2% 9,945,867 $243,902,731,294
RMS Ramelius Resources 1.415 -2% 2,959,981 $1,253,371,483
FMG Fortescue Metals Grp 21.15 -2% 10,314,775 $66,474,852,580
GOLD ETFS GOLD 241.01 -2% 34,143 $1,387,520,190
ERA Energy Resources 0.32 -2% 78,196 $1,199,699,539
LFG Liberty Fin Group 5.25 -2% 11,946 $1,618,188,000
SDR Siteminder 5.93 -1% 338,291 $1,636,011,809

Payment solutions EML Payments (ASX:EML) tanked today as the company reported a 4% decrease (on pcp) of EBITDA to $27m for the half, despite gross revenue increasing by 20% to $114.5m.

Meanwhile, Andrew Forrest will pocket some $950 million in cold hard cash in his first half dividend from Fortescue Metals Group (ASX:FMG) as the Pilbara major reported a US$2.8 billion profit.

FMG will pay $0.86 a share dividend after generating US$4.76 billion in underlying EBITDA in the December half, down from US$6.64b in the first half of 2021.

FMG share price was down 2% today.