The ASX 200 rebounded by 0.13% today, after posting losses over the last two days.

Healthcare, Real Estate and Consumer Staples were the best sectors rising by 1% each, while Energy was the main laggard losing 1%.

Falls in energy stocks follow drop in oil prices overnight, after news that Presidents Biden and Xi might be coordinating efforts to release oil reserves to quell increasing prices.

Bank stocks continued their slide following Commonwealth Bank (ASX:CBA)’s results yesterday that flagged a squeeze in profit margins. The CBA share price slid 1% further today, after falling 8% yesterday.

Treasury Wine Estates (ASX:TWE) led the news flow on Consumer Staples, after announcing the acquisition of Napa Valley-based Frank Family Vineyards for US$315m. The TWE stock price rose 3% on the news.

Meanwhile, Australia’s vaccine rollout has now passed 38 million doses, with more than 91% of people over 16 having had at least one dose.

 

BIG CAP WINNERS

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Evolution Mining (ASX:EVN) is up 10% after yesterday’s after-hours announcement of a $1bn deal to buy 100% of Glencore’s share in Ernest Henry Mining, the owner of the world class Ernest Henry copper-gold mine ~38km north-east of Cloncurry, Queensland.

Sonic Healthcare (ASX:SHL) was up 3% after reporting a 16% increase in EBITDA of $991 million for the first four months of FY22. The solid result was on the back of its COVID-19 testings and vaccinations.

Software company Altium (ASX:ALU) was also up 3% after its AGM presentation where it announced its FY22 22 guidance. The company said it’s expecting a 16 to 20% revenue growth for the financial year.

BIG CAP LOSERS

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Aristocrat Leisure (ASX:ALL) fell 3.7% despite reporting a 43% jump in EBITDA to $1.5bn in the year to September.