© Reuters.
On Monday, geopolitical tensions led to a further decline in the , which dropped 0.82% to 6844.10, marking an 11-month low. The Energy and Materials sectors were most affected, reporting losses of 3.00% and 2.34% respectively. In contrast, the Healthcare and Staples sectors outperformed others with gains of 1.53% and 0.73% respectively.
South32 (OTC:) Ltd (ASX: S32), despite reporting weak production figures and a $US299m net debt increase due to industrial action and mine works, maintained its FY guidance. The company’s shares fell by 2.97%.
Helloworld Travel Ltd (ASX: HLO) posted strong Q1 results with TTV up by 120% and EBITDA tripling to $16.8m compared to Q1 2023. However, the results failed to meet market expectations, resulting in a share price drop of 6.35%.
Centuria Office REIT (ASX: COF) and Centuria Industrial REIT (ASX: CIP) provided positive trading updates with high occupancy rates of 96.7% and 98.6% respectively and reaffirmed FFO and Distribution guidance for the year.
Viva Energy Group Ltd (ASX: VEA) reported mixed quarterly results due to falling refining margins from rising oil prices, causing its shares to drop by 2.85%.
Treasury Wine Estates (OTC:) Ltd (ASX: TWE) saw its shares increase by 1.36% following news of potential changes in Chinese wine tariffs, expecting a review and possible removal within five months.
Syrah Resources Ltd’s (ASX: SYR) shares surged by a staggering 41.51% following news of China’s plans to curb graphite exports.
In the commodities market, slid more than 3%, and Gold was marginally lower, affecting gold equities. Meanwhile, US Futures rose by around +0.25%. Asian markets struggled with Hong Kong closed, and the and China indices were down by 0.51% and 0.8% respectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
