ASX closed flat, as Coles-led Staples sector gained
\nIron ore stocks under pressure as iron ore futures continue to fall
\nBitcoin now nearly at US$56k<\/p>\n
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The ASX 200 closed +0.13% higher on Tuesday, as gains in Consumer Staples<\/strong> were offset by losses in Utilities<\/strong> and Real Estate<\/strong> sectors.<\/p>\n Local traders were cautious as stock markets in Europe slipped overnight ahead of a barrage of inflation date to be released in the coming days.\u00a0Traders are also anxiously awaiting speeches from at least eight US Fed members this week.<\/p>\n On the ASX, the Consumer Staples sector was led by the +6% gain in Coles (ASX:COL)<\/a><\/strong> as the retailer released its half year results \u2013 see below for detail.<\/p>\n Iron ore miners<\/strong> were under pressure following the 3% drop in iron ore futures on Monday, followed by more softening overnight. Traders are also parsing reports that India is considering an export tax on low-grade iron ore.<\/p>\n Across the region today, most Asian stock markets fell.<\/p>\n Bitcoin<\/strong> keeps climbing to over US$55k, now trading at US$55,977.<\/p>\n \u201cBitcoin has got a lot of momentum and looks to be showing no signs of slowing down\u2026,\u201d said Farhan Badami, market analyst at eToro.<\/em><\/p>\n \u201cI think it will continue to move higher in the months ahead, especially if we continue to see these solid ETF volumes.<\/p>\n \u201cI\u2019d be looking toward the first Federal Reserve rate cut as a target for bitcoin to get close to its record high,\u201d said Badami.<\/p>\n \u00a0<\/p>\n Swipe or scroll to reveal the full table. Click headings to sort.<\/em><\/p>\n Code Name Price % Change Volume Market Cap REH Reece Limited 28.28 17.39 683,581 $15,561,758,920 HLI Helia Group Limited 4.74 9.22 1,968,315 $1,305,492,333 TLX Telix Pharmaceutical 11.71 6.84 840,581 $3,550,845,701 COL Coles Group 16.79 5.73 6,923,492 $21,253,657,560 WTC Wisetech Global Ltd 93.86 5.30 624,283 $29,721,662,278 CSR CSR Limited 8.80 5.01 28,984,170 $4,000,474,459 EDV Endeavour 5.32 4.72 5,196,741 $9,098,178,486 OCL Objective Corp 12.54 4.67 36,885 $1,140,637,556 MCY Mercury NZ Limited 6.55 4.30 18,761 $8,736,907,061 IRE IRESS Limited 7.78 4.29 574,369 $1,393,449,476 MGH Maas Group Holdings 4.47 4.20 233,194 $1,406,795,251 NHC New Hope Corp 4.62 4.05 1,584,251 $3,753,289,460 PDN Paladin Energy Ltd 1.18 3.96 19,696,470 $3,387,572,282 FBU Fletcher Building 3.77 3.01 1,271,425 $2,865,939,561 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n Recce Pharma (ASX:RCE)<\/a><\/strong> surged after the announcing the continuation of the work within the cpmpany\u2019s Anti-Infective Research (AIR) Unit located within Murdoch Children\u2019s Research Institute (MCRI). In 2023, Recce established a dedicated Anti-Infective Research Unit led by MCRI researcher Dr Sohinee Sarkar. By leveraging MCRI\u2019s world-leading expertise and resources, Recce hopes to continue to streamline its ongoing pre-clinical programs, while investigating new indications for future clinical trials.<\/p>\n G8 Education (ASX:GEM)<\/a><\/strong> rose 11% after reporting a 9.1% increase (vs pcp) in full year group revenue to $983.4 million. Statutory NPAT was $56.1 million, up 53.1% on CY22. CY23 fully franked dividend was declared at 3.0c per share, taking the full-year dividend to 4.5c, up 50% on CY22.<\/p>\n Coles Group (ASX:COL)<\/a><\/strong>\u2019s Group EBITDA for the half year was $1,854m, up +2.5% on pcp. Underlying EBITDA was down -0.3% to $626m. Interim dividend was declared at 36 cps,\u00a0fully franked.<\/p>\n Adbri (ASX:ABC)<\/a><\/strong>\u2019s full year revenue increased to $1.92 billion, up 13.1% on the prior year. Statutory NPAT was $92.9 million, down 9.5% on pcp, while underlying NPAT was $111.7 million, up 43.8% on pcp. The Board has decided not to declare a final dividend considering the capital requirements for the Kwinana Upgrade, and current elevated leverage.<\/p>\n Woodside Energy (ASX:WDS)<\/a><\/strong> has achieved record full year production of 187.2 MMboe (513 Mboe\/d) and excellent operated LNG reliability of 98%. WDS recorded full-year NPAT of $1,660 million, and underlying NPAT of $3,320 million, when adjusted for exceptional items. A final dividend of US 60 cents per share (cps) was declared, bringing the full-year dividend to US 140 cps. The dividend is fully franked.<\/p>\n \u00a0<\/p>\n Swipe or scroll to reveal the full table. Click headings to sort.<\/em><\/p>\n Code Name Price % Change Volume Market Cap BRN Brainchip Ltd 0.37 -24.49 40,406,612 $884,849,196 JLG Johns Lyng Group 6.01 -16.53 4,926,609 $2,000,691,281 HLS Healius 1.27 -8.12 3,348,692 $1,005,602,855 SNZ Summerset Grp Hldgs 10.25 -6.56 518 $2,570,066,761 MP1 Megaport Limited 13.66 -5.53 546,417 $2,300,944,753 BFL Bsp Financial Group 6.85 -5.52 10,509 $3,387,344,848 SQ2 Block 113.75 -4.95 440,004 $4,245,282,001 ILU Iluka Resources 6.64 -4.46 2,200,830 $2,960,924,499 AWC Alumina Limited 1.04 -4.36 18,011,106 $3,162,832,745 TPG TPG Telecom Limited 4.72 -4.26 2,133,425 $9,166,554,428 NIC Nickel Industries 0.70 -3.77 3,308,604 $3,128,641,212 LYC Lynas Rare Earths 5.69 -3.64 4,672,182 $5,514,696,582 NEM Newmont Corporation 45.83 -3.52 356,136 $8,082,425,058 SMR Stanmore Resources 3.34 -3.33 1,299,408 $3,109,801,137 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n BrainChip Holdings (ASX:BRN)<\/a><\/strong> crashed -25% after reporting a full year loss of US$28.9 million, with revenue of just -$0.2m.\u00a0In FY23, Brainchip reported total expenses of US$28m \u2013 of which US$7 million or a quarter were in R&D expenses. Other costs include marketing expenses of $4.7m, and share-based expenses of $11m, which include performance payments, vesting options and other rights issued to its directors.<\/p>\n Takeover target, Altium Ltd (ASX:ALU)<\/a><\/strong>, said its half year enterprise revenue grew by 61% to US$20.4 million. EPS grew by 11% to USD 25.1 cents. Partially franked, interim dividend was declared at 30 cents, up by 20%.<\/p>\n <\/span><\/p>\n The post ASX Large Caps: Coles takes lead as iron ore miners struggle; Bitcoin nears US$56k<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"BIG CAP WINNERS<\/h2>\n
BIG CAP LOSERS<\/h2>\n