{"id":1482,"date":"2023-11-15T05:17:25","date_gmt":"2023-11-15T05:17:25","guid":{"rendered":"https:\/\/economicherald.net\/?p=1482"},"modified":"2023-11-15T05:17:25","modified_gmt":"2023-11-15T05:17:25","slug":"asx-large-caps-shares-climb-1-3pc-to-highest-in-two-months-centuria-nufarm-seek-the-top-winners","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=1482","title":{"rendered":"ASX Large Caps: Shares climb 1.3pc to highest in two months; Centuria, Nufarm, Seek the top winners"},"content":{"rendered":"

ASX closed 1pc higher after US CPI-fuelled rally
\nAll sectors rose except for energy which was dragged down by Karoon Energy
\nCenturia Cap was best large cap today after closing a property deal<\/p>\n

\u00a0<\/p>\n

The ASX200 index clocked a +1.3% rise on Wednesday to its highest level in two months, on the back of a strong Wall Street session overnight.<\/p>\n

In New York, stocks rose broad-based after US inflation came in lower than expected at 3.2% for October, down from the 3.7% figure in September.<\/p>\n

Traders are also bullish about the meeting between US President Joe Biden and China\u2019s President Xi Jinping, who is expected to land in San Francisco later today.<\/p>\n

On the ASX, all sectors rose except for Energy.<\/p>\n

Best performing large caps include Seek (ASX:SEK),<\/a> Wisetech (ASX:WTC)<\/a><\/strong> and Nufarm (ASX:NUF)<\/a><\/strong>. Most lithium stocks also rose broadly.<\/p>\n

Worst performer was Karoon Energy (ASX:KAR)<\/a><\/strong>, down over 10% before placing its shares in a trading halt pending the release of an announcement.<\/p>\n

To commodities, iron ore futures in Singapore<\/strong> hit $US130 a tonne to the highest since March, defying the gloom in China\u2019s property sector.<\/p>\n

The Aussie dollar<\/strong> has also bounced back above US65c after the CPI release.<\/p>\n

To data, the wages index released today by the ABS<\/strong> showed that wages in Australia grew 1.3% over the September quarter, the biggest quarterly increase in the 26-year history of the ABS stats on Wage Index.<\/p>\n

\u201cA combination of factors led to widespread increases in average hourly wages this quarter,\u201d said Michelle Marquardt, ABS head of prices statistics. Among others, she cited inflation, labour market pressure, and aged-care wage rises.<\/p>\n

\u00a0<\/p>\n

BIG CAP WINNERS<\/h2>\n

Swipe or scroll to reveal the full table. Click headings to sort.<\/em><\/p>\n

<\/div>\n
Code Name Price % Change Volume Market Cap CNI Centuria Capital 1.43 12.65 1,353,661 $1,018,417,002 APM APM Human Services 1.54 10.39 3,682,491 $1,279,468,815 CHC Charter Hall Group 10.96 9.93 1,362,302 $4,715,782,074 NUF Nufarm Limited 4.84 8.65 1,558,033 $1,697,333,227 PNI Pinnacle Investment 9.14 8.42 394,176 $1,710,688,477 HMC HMC Capital Limited 5.11 8.39 294,526 $1,641,768,016 GPT GPT Group 4.19 6.89 4,418,384 $7,509,063,526 GOZ Growthpoint Property 2.40 6.67 581,496 $1,696,166,582 360 Life360 Inc. 8.94 6.56 1,412,197 $1,700,386,836 SGP Stockland 4.04 6.32 6,147,116 $9,071,252,316 GMD Genesis Minerals 1.54 6.23 3,050,993 $1,555,389,305 CTT Cettire 3.09 6.19 854,543 $1,109,403,220 MIN Mineral Resources. 63.51 6.17 745,861 $11,676,052,123 WTC Wisetech Global Ltd 66.94 6.09 486,443 $21,032,194,799 SEK Seek Limited 23.30 5.96 779,589 $7,833,281,978 ASK Abacus Storage King 1.08 5.88 972,318 $1,340,385,021 VCX Vicinity Centres 1.88 5.76 7,592,928 $8,103,050,137 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

Centuria Capital (ASX:CNI)<\/a><\/strong> was the best-performing large cap today, up 10% after securing a $70.6 million industrial logistics facility in North Rocks, NSW, on behalf of US private investment firm, Starwood Capital\u2019s Last Mile Logistics Partnership (LMPLP).<\/p>\n

The acquisition, located at 19-21 Loyalty Road, is a dual access, multi-tenanted industrial facility totalling 19,231sqm with a low site coverage of c.41%.<\/p>\n

Fertiliser company \u00a0Nufarm\u00a0(ASX:NUF)<\/a><\/strong> jumped 9% after posting a strong full year. NUF\u2019s statutory NPAT was $111 million, up 3% on the pcp. The company also reported an unfranked final dividend of 5 cents per share.<\/p>\n

Family safety service app maker, Life360 (ASX:360),<\/a><\/strong> \u00a0gained 7% after reporting a 38% increase in Q3 revenue to $78.6m. Major gains were made in the core Life360 Subscription, with revenue of $50.6 million, up 50% YoY.<\/p>\n

Life360 has also reiterated its full year CY23 guidance, which is for more than 50% YoY growth for the Life360 subscription revenue, and consolidated revenue of $300 million \u2013 $310 million.<\/p>\n

Seek (ASX:SEK)<\/a><\/strong> climbed 6% on the back of its guidance announced at the AGM today. Seek said its FY24 forecast is unchanged at a revenue of between $1.18-$1.26bn.<\/p>\n

Lithium miner Allkem (ASX:AKE)<\/a><\/strong> rallied 5% after confirming that it has received Australian Foreign Investment Review Board<\/em> approval for the proposed $16 billion merger with Livent. Allkem and Livent are targeting closing of the transaction on 4 January 2024.<\/p>\n

\u00a0<\/p>\n

BIG CAP LOSERS<\/h2>\n

Swipe or scroll to reveal the full table. Click headings to sort.<\/em><\/p>\n

<\/div>\n
Code Name Price % Change Volume Market Cap KAR Karoon Energy Ltd 2.15 -10.42 3,367,541 $1,359,648,022 CPU Computershare Ltd 23.46 -5.35 1,272,241 $14,960,412,946 QBE QBE Insurance Group 14.98 -4.71 2,693,094 $23,484,348,673 SNZ Summerset Grp Hldgs 8.79 -4.35 10,169 $2,153,045,901 IPH IPH Limited 6.78 -3.35 806,623 $1,682,553,084 FLT Flight Centre Travel 18.83 -3.19 1,382,757 $4,268,563,811 IAG Insurance Australia 5.80 -2.85 7,323,472 $14,495,148,317 ABC Adbri Limited 2.01 -2.67 571,622 $1,345,858,859 SDF Steadfast Group Ltd 5.41 -2.61 611,203 $5,764,018,517 BOE Boss Energy Ltd 4.31 -2.05 1,335,088 $1,552,907,682 STO Santos Ltd 7.14 -1.92 6,031,158 $23,643,787,156 BXB Brambles Limited 13.44 -1.83 1,579,802 $19,049,240,002 ALL Aristocrat Leisure 39.15 -1.79 1,954,316 $25,851,605,267 AUB AUB Group Ltd 28.81 -1.77 131,364 $3,179,536,835 TUA Tuas Limited 2.22 -1.77 54,309 $1,050,809,421 MAD Mader Group Limited 6.31 -1.56 171,114 $1,282,000,000 SUN Suncorp Group Ltd 13.44 -1.54 1,788,837 $17,339,086,046 MPL Medibank Private Ltd 3.54 -1.26 2,334,527 $9,859,331,599 WHC Whitehaven Coal 6.83 -1.16 3,628,961 $5,780,911,417 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

Poker machine giant\u00a0Aristocrat Leisure\u00a0(ASX:ALL)<\/a><\/strong> was down 2% despite posting full-year net profit of $1.2 billion. The company said that growth in its North America business offset challenging markets back home in Australia and New Zealand.<\/p>\n

<\/span><\/p>\n

The post ASX Large Caps: Shares climb 1.3pc to highest in two months; Centuria, Nufarm, Seek the top winners<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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