{"id":957,"date":"2023-11-03T05:20:27","date_gmt":"2023-11-03T05:20:27","guid":{"rendered":"https:\/\/economicherald.net\/?p=957"},"modified":"2023-11-03T05:20:27","modified_gmt":"2023-11-03T05:20:27","slug":"asx-large-caps-shares-1pc-higher-as-neuren-block-surge-sbf-found-guilty-of-all-charges","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=957","title":{"rendered":"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges"},"content":{"rendered":"

ASX lifted 1pc on Friday, up 3pc for the week
\nNeuren, Block Inc, Lendlease, and media stocks were the best gainers
\nFTX founder Sam Bankman-Fried found guilty on all charges<\/p>\n

\u00a0<\/p>\n

The ASX tracked Wall Street to close 1% higher today. For the week, the benchmark ASX200 index was up 3%, practically erasing last week\u2019s losses.<\/p>\n

Overnight, US stocks rose for the second straight day\u00a0after the Fed\u00a0held interest rates steady\u00a0at their highest range in 22 years on Wednesday, bolstering hopes the Fed could be done with rate hikes.<\/p>\n

All ASX sectors gained on Friday with the exception of Energy, which hovered between loss and gain throughout the day as crude prices jumped by 2.5%.<\/p>\n

Best performing sector today was Real Estate and Industrials, which lifted by 2% each.<\/p>\n

Comm Services stocks like REA Group (ASX:REA)<\/a><\/strong>, Seven Group (ASX:SVW)<\/a><\/strong> and Seek (ASX:SEK)<\/a><\/strong> were some of the top large caps, along with market darling Neuren (ASX:NEU)<\/a><\/strong> \u2013 see more below.<\/p>\n

Meanwhile, news is just out that disgraced FTX founder Sam Bankman-Fried<\/strong> has been found guilty on all seven charges, potentially putting him in jail for up to 110 years. The jury convened for just five hours before delivering the verdict.<\/p>\n

Closer to home, Aussie retail sales<\/strong> rose 0.2% in the September quarter, according to ABS data today. The small increase follows three quarterly falls in a row.<\/p>\n

Across the region, Asian stocks also echoed US advance, but US equity futures have ticked lower in Asian trading weighed down by sluggish results from\u00a0Apple Inc after the bell.<\/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 SQ2 Block 80.99 24.88 789,429 $2,132,504,378 NEU Neuren Pharmaceut. 12.40 9.83 1,338,082 $1,428,926,482 AZS Azure Minerals 4.02 8.65 22,931,808 $1,649,328,217 LTR Liontown Resources 1.68 6.15 11,723,546 $3,811,977,882 SFR Sandfire Resources 6.35 6.01 992,760 $2,737,384,500 ZIM Zimplats Holding Ltd 20.97 5.11 6,217 $2,147,371,098 ALX Atlas Arteria 5.66 4.81 1,512,750 $7,834,502,018 QUB Qube Holdings Ltd 2.91 4.68 3,213,567 $4,911,459,393 IGO IGO Limited 9.77 4.44 2,199,710 $7,080,454,052 AKE Allkem Limited 9.58 4.36 1,704,681 $5,868,969,470 <\/div>\n

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

Block Inc (ASX:SQ2)<\/a><\/strong> reported its September quarter to the NYSE last night, with revenue at $US5.62b against $US4.52b in th pcp. SQ2 recorded a $US28.95m net loss however.<\/p>\n

Market darling Neuren Pharma (ASX:NEU)<\/a> surged after reporting that its \u00a0Rett syndrome drug, DAYBUE, generated net sales in Q3 of US$66.9 million, up from US$23.2 million in Q2.<\/p>\n

The company also guided the market for net sales in Q4 of between US$80 million and US$87.5 million. Neuren reported that 800 patients used on DAYBUE as at 30 September, and this surge in initial demand has exceeded pre-launch expectations.<\/p>\n

Lendlease Group (ASX: LLC)<\/a><\/strong> rose after announcing the company and Google are mutually terminating four development services agreements covering the proposed San Francisco Bay project.<\/p>\n

The decision to end these agreements followed a comprehensive review by Google of its real estate investments and Lendlease said its market guidance for FY24 remains unchanged with core operating ROE at the lower end of the 8%-10% range.<\/p>\n

Tietto Minerals (ASX:TIE)<\/a><\/strong> rose 5% after rejecting Zhaojin\u2019s 58c-per-share takeover offer. Zhaojin holds around 7% of TIE.<\/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 TWE Treasury Wine Estate 11.15 -6.89 6,717,120 $8,644,398,991.4251000 WGX Westgold Resources. 2.01 -5.19 915,043 $1,004,080,187.6000000 PSI Psc Insurance Ltd 4.37 -3.32 664,384 $1,624,404,298.6400000 BGL Bellevue Gold Ltd 1.35 -3.05 2,949,538 $1,602,862,764.5700000 AD8 Audinate Group Ltd 13.25 -2.86 58,877 $1,133,604,523.0400000 GOR Gold Road Res Ltd 1.81 -2.70 1,368,851 $2,002,700,141.8900000 DYL Deep Yellow Limited 1.32 -2.41 4,282,741 $1,023,865,605.4500000 RMS Ramelius Resources 1.61 -1.83 2,597,986 $1,857,573,333.1650000 WHC Whitehaven Coal 7.16 -1.78 3,370,862 $6,098,819,715.3600000 NHC New Hope Corporation 5.38 -1.65 2,069,886 $4,623,984,988.0800000 RED Red 5 Limited 0.30 -1.64 6,194,582 $1,055,967,721.2500000 STO Santos Ltd 7.39 -1.60 6,185,705 $24,390,774,937.1100000 HSN Hansen Technologies 5.20 -1.52 112,712 $1,072,913,888.6400000 EMR Emerald Res NL 2.65 -1.49 3,061,482 $1,672,335,501.4000000 PDN Paladin Energy Ltd 1.01 -1.47 17,549,677 $3,043,043,043.6600000 MCY Mercury NZ Limited 5.40 -1.46 868 $7,623,925,269.7200000 DEG De Grey Mining 1.15 -1.29 1,886,884 $2,086,950,632.6800000 YAL Yancoal Aust Ltd 4.72 -1.26 1,072,831 $6,311,700,508.8600000 <\/div>\n

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

Treasury Wine Estates (ASX:TWE)<\/a><\/strong> resumed from a trading halt after raising $604m in a $10.80-per-share institutional entitlement offer. The purpose of the cap raise is to fund the acquisition of California-headquartered DAOU Vineyards for $US900m upfront, plus earn-out payments of up to $100m.<\/p>\n

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

The post ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

ASX lifted 1pc on Friday, up 3pc for the week Neuren, Block Inc, Lendlease, and media stocks were the best gainers FTX founder Sam Bankman-Fried [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":958,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=957\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"ASX lifted 1pc on Friday, up 3pc for the week Neuren, Block Inc, Lendlease, and media stocks were the best gainers FTX founder Sam Bankman-Fried [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=957\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-03T05:20:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges\",\"datePublished\":\"2023-11-03T05:20:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957\"},\"wordCount\":683,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=957#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=957\",\"name\":\"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg\",\"datePublished\":\"2023-11-03T05:20:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=957\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=957#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=957","og_locale":"en_US","og_type":"article","og_title":"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges - Economic Herald","og_description":"ASX lifted 1pc on Friday, up 3pc for the week Neuren, Block Inc, Lendlease, and media stocks were the best gainers FTX founder Sam Bankman-Fried [more...]","og_url":"https:\/\/economicherald.net\/?p=957","og_site_name":"Economic Herald","article_published_time":"2023-11-03T05:20:27+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=957#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=957"},"author":{"name":"","@id":""},"headline":"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges","datePublished":"2023-11-03T05:20:27+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=957"},"wordCount":683,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=957#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=957#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=957","url":"https:\/\/economicherald.net\/?p=957","name":"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=957#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=957#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg","datePublished":"2023-11-03T05:20:27+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=957#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=957"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=957#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/Neuren-Block-Inc-Lendlease-and-media-stocks-were-the-best-gainers.-Picture-Getty-Li21WD.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=957#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"ASX Large Caps: Shares 1pc higher as Neuren, Block surge; SBF found guilty of all charges"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=957"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/958"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}