• ASX pulled back slightly, tracking New York
  • Nvidia reported another record earnings, amid tepid reaction from investors
  • EBOS Group down despite strong start to financial year


The ASX pulled back by -0.1% on Wednesday, tracking overnight movements in New York where sentiment dropped after the release of the US Fed minutes from the last meeting.

According to the minutes, board members have not shut the door on another rate hike, and would raise rates further if data suggested that progress toward the 2% inflation was insufficient.

Traders also watched Nvidia’s shares closely after the chipmaker reported its quarterly results post the closing bell.

Nvidia got a tepid reaction from investors and tumbled almost 1% despite continuing its string of blistering quarterly earnings reports. The company easily beat its own guidance by US$2bn after Q3 sales tripled from a year earlier to US$18.1 billion, while profit surged 14x to US$9.2 billion.

The result wasn’t enough to lift the ASX Tech sector today as it dropped by more than 1.5%, which was offset by modest gains from Utilities.

Amongst the ASX gainers today was Origin Energy (ASX:ORG) and insurance stocks QBE (ASX:QBE) and Suncorp (ASX:SUN).

Decliners were led by health group EBOS (ASX:EBO), which fell -4.5% after providing a market update (see more details below).

Around the region, Asian stocks were mixed after Israel has reportedly approved a hostage deal and a pause in its war with Hamas. China’s Baidu Inc was a top performer, up 5% in Hong Kong following better-than-expected Q3 results.

Looking ahead tonight, key data releases and a UK budget update are expected, as Wall Street heads into tomorrow’s Thanksgiving holiday.



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Code Name Price % Change Volume Market Cap
DEG De Grey Mining 1.29 3.20 2,724,233 $2,314,015,141
TAH TABCORP 0.75 3.10 22,775,166 $1,654,747,967
KAR Karoon Energy Ltd 2.18 2.83 2,158,868 $1,201,022,419
NEM Newmont Corporation 57.31 2.28 692,892 $19,150,639,994
PRU Perseus Mining Ltd 1.82 2.10 4,493,724 $2,451,811,661
BGL Bellevue Gold Ltd 1.54 1.99 4,705,206 $1,734,998,405
QBE QBE Insurance Group 15.17 1.95 1,017,872 $22,229,459,813
SUN Suncorp Group Ltd 13.74 1.82 1,118,978 $17,135,844,012
ORG Origin Energy 8.43 1.81 1,868,153 $14,264,350,716
MEZ Meridian Energy 4.74 1.72 29,957 $5,900,452,712
FBU Fletcher Building 4.16 1.71 381,125 $3,202,648,308
ASK Abacus Storage King 1.06 1.67 344,244 $1,373,237,595
PSI Psc Insurance Ltd 4.46 1.59 175,060 $1,600,067,081
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Code Name Price % Change Volume Market Cap
360 Life360 Inc. 7.22 -6.48 909,314 $1,564,599,091
LTR Liontown Resources 1.44 -5.43 7,396,369 $3,657,741,391
NIC Nickel Industries 0.77 -4.97 3,186,358 $3,450,076,953
EBO Ebos Group Ltd 33.30 -4.88 18,180 $6,715,345,857
WC8 Wildcat Resources 0.86 -4.47 7,753,411 $1,069,438,149
BOE Boss Energy Ltd 4.16 -4.26 1,227,650 $1,531,731,668
PLS Pilbara Min Ltd 3.53 -4.21 14,508,063 $11,074,822,589
AKE Allkem Limited 8.91 -4.09 2,542,732 $5,939,294,812
PXA Pexagroup 11.65 -4.04 173,194 $2,153,035,956
GQG GQG Partners 1.43 -4.03 924,944 $4,399,680,097
PDN Paladin Energy Ltd 1.00 -3.61 8,390,304 $3,102,710,554
DHG Domain Holdings Aus 3.49 -3.59 405,303 $2,286,598,894
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Pharmaceuticals supplier EBOS Group (ASX:EBO) was down almost -5% after reporting ongoing revenue growth of 8.8% vs the pcp, for the four months up to 31 October. This was on the back of an 8.2% revenue increase for the same period. In addition, EBO said discussions relating to a potential animal care business strategic transaction had concluded, with a decision not to proceed with any deal.

Fortescue Metals Group (ASX:FMG) was down slightly after a vote at yesterday’s AGM showed 52.44% proxy and 52.37% poll votes were recorded against adopting the group’s remuneration report. This constituted a ‘first strike’ under the Corporations Act.

Radiologist network Healius (ASX:HLS) was down -32% after completing an institutional cap raise for a total of approximately $154 million at $1.20 per new share.