• The ASX has closed higher for the second consecutive day,  up 0.26% to 6,995.40 points
  • Information technology, real estate and industrial topped today’s winners
  • HeraMed up after trial into its maternity care platforms at Gold Coast Hospital

Right then, that was a hump day on the bourse. How di…

[SFX: white noise]

… sorry about that, stupid WiFi… we’re back. Now that calf-bulging Optus technicians have jumped on the back-up, cycle-powered generators, our interwebs is working again.

How did the ASX200 end up? We have a ripped ASX graphic for that, and lo… here it is:

Source: ASX


The Aussie share market did okay then on the whole, offset by losses from some of the bigger mining players and in the energy sector.

The Optus outage has, of course dominated headlines today. Nadine’s Lunch Wrap had deets, including disgruntled pets nationwide apparently going starving due to WiFi-powered automated pet feeders breaking down (whatever happened with just telling kids to feed the cat!) The RSPCA would surely have been called, if comms were working.

The update since then, though? Tiddles and Fluffy are fine, Optus has flicked the off/on switch a few times and is largely back up and running and Telstra (ASX:TLS) has gained quite nicely (+1.8%) off the back of all the telco-failure drama.

Also, our Tasmanian farmer editor has reluctantly re-emerged from his baked-beans, Commando comics, and whisky-stocked fallout bunker now that order has been restored and tech armageddon has been averted.


ASX Sectors on Wednesday

Source: Market Index


Information technology, real estate and industrial topped the winners today. Materials led the laggards, followed by the energy sector.


Ripped from the headlines

The Australian Competition & Consumer Commission has alleged that Qantas (ASX:QAN) omitted essential information in its defence against claims of selling tickets for flights that had already been cancelled.

During a case management hearing in the Federal Court, Chris Caleo, KC, the barrister representing the consumer watchdog,  suggested it might be required to obtain orders compelling the airline to provide additional information.

Oil prices tumbled to a three-month low due to the forecasted decrease in US gasoline consumption, contributing to further signs of a deteriorating demand outlook.

The global benchmark Brent approached $81/barrel following a 4.2% decline on Tuesday, while WTI hovered around $77/barrel.

According to a US government report, US gasoline demand is expected to reach a 20-year low on a per-capita basis next year, with rising pump prices and inflation likely leading to reduced discretionary driving.



Here are the best performing ASX small cap stocks:
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It’s been a good day for Golden State Mining (ASX:GSM), up after announcing a series of pegmatite dyke “swarms” at Paynes Find Central and Paynes Find North in the Murchison region of WA with samples off to the lab for lithium analysis with drilling likely early next year.

Technology is improving monitoring of pregnancy with medtech company focusing on maternity care HeraMED (ASX:HMD) today announcing a trial for up to 90 pregnancies for six to nine months at Gold Coast Hospital to evaluate clinical usability, patient satisfaction, and economic analysis of the HeraCARE and HeraBEAT platforms.

For more market winning announcements head to today’s In Case You Missed It.  



Here are the least performing ASX small cap stocks:
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Yandal Resources (ASX:YRL) – Capital raising