News Formal

ASX climbs 0.6pc as materials stocks climb

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The S&P/ASX 200 Index rose 0.6 per cent to 7565.2 points. Praemium soared 15.3 per cent to 71.5¢ and Syrah Resources surged 14.3 per cent to $1.79.

, up 36.4 per cent on the prior corresponding period, with year-to-date net inflows to March 31 of $9.3 billion. Average monthly net inflows for financial year 2022-to-date are $1 billion, up 65 per cent.

Janus Henderson dropped 0.6 per cent to $44.89. Broker Morgan Stanley cut its price target to $48 from $54.40, although it kept its recommendation at “equal-weight”. Analyst Andrei Stadnik lowered 2022 earnings estimates by 12 per cent to account for mark-to-market movement in investment returns, outflows, and business costs.

Faster core inflation and wages growth could bring forward the Reserve Bank of Australia’s interest rate timeline, minutes from the central bank’s April meeting showed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX rises; Syrah surges 20pc on US government loanASX is up 0.7pc; Incitec cops $173m earnings hit from Waggaman downtime; AMP in talks with Dexus, others, over Collimate; Syrah awarded conditional loan of up to $146m. Follow the latest here.
Source: FinancialReview - 🏆 2. / 90 Read more »