News Formal

Australian Stock Market Shows Modest Gains

  • 📰 newscomauHQ
  • ⏱ Reading Time:
  • 20 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 77%

Finance News

Australian Stock Market,Gains,Real Estate

The S & P/ASX200 and All Ordinaries indexes in Australia experienced slight gains, with real estate and consumer stocks leading the way. However, miners, particularly iron ore miners, performed poorly due to a decline in commodity prices. In company news, Inghams Group reported strong earnings, while mining support firm Chrysos entered into a partnership with Barrick Gold and MSALABS. Origin Energy faced a setback as AustralianSuper announced its intention to vote against a takeover bid.

The S & P/ASX200 gained just 0.1 per cent, or 7.8 points, to reach 6,780.7. The All Ordinaries also rose, adding 7.3 points to 6,967.5.

In company news, shares in Inghams Group soared 7.9 per cent to $3.68, the highest since October 2021 after the poultry producer announced a half yearly statutory earnings of $247 million before interest, tax and amortisation in the first half of FY2024 Treasury Wine Estates, owner of Penfolds, announced its plans to acquire Daou Vineyards based in California. Picture: Supplied

 

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:

 /  🏆 9. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Rise of Zombie Companies Threatens Australian Stock ExchangeMore than 100 companies listed on the Australian stock exchange are on the brink of collapse, with a restructuring expert predicting the rise of “zombie” companies will continue.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Rise of Zombie Companies Threatens Australian Stock ExchangeMore than 100 companies listed on the Australian stock exchange are on the brink of collapse, with a restructuring expert predicting the rise of “zombie” companies will continue.
Source: smh - 🏆 6. / 80 Read more »

Live updates: Australian share market to rise, Wall Street ends sharply higherA rally on Wall Street is likely to send Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.
Source: abcnews - 🏆 5. / 83 Read more »

Live updates: Australian share market rises, Wall Street ends sharply higher, AustralianSuper rejects Brookfield offerA rally on Wall Street sends Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.
Source: abcnews - 🏆 5. / 83 Read more »