Happy hump day!
A whirlwind day @PeakHQ as our latest portfolio company ASX:AL8 announced the acquisition of seven projects in resource-rich Li Valley, Brazil.
Some strong price action and volume!
More info below.
The sharemarket booked its third day of straight losses, as materials and energy stocks retreated, ahead of a key 48 hours for global markets in which the Bank of England, Bank of Japan and US Fed will make their latest rate calls.
The S&P/ASX 200 closed 44.2 points, or 0.6 per cent lower at 7165.5. The All Ordinaries was down by a similar margin.
The energy and materials sectors were the worst hit, with heavyweights BHP and Woodside falling more than 1.5 per cent during trading.
Shares in Qantas dipped 2.2 per cent late in the session, following news the airline paid former CEO Alan Joyce a $21.4 million salary in FY23, but is holding back a portion of that pay while its ACCC case is finalised.
Sports and outdoor goods seller KMD Brands dropped 4.6 per cent lower after flagging cost-of-living pressures on its Kathmandu brand in its most recent full-year report.
Flight Centre Travel, which trades ex-dividend as of today, fell 1.2 per cent.
Shares in buy-now-pay-later player Sezzle soared 20.8 per cent, following reports of strong income in August.
British annual consumer price inflation (CPI) unexpectedly fell to 6.7 per cent in August, official data showed on Wednesday, a day before the Bank of England is expected to raise rates again.
Economists polled by Reuters had forecast CPI would rise to 7.0 per cent from July’s 6.8 per cent as a jump in fuel prices and an increase in a tax on alcoholic drinks helped to push up the annual inflation rate for the first time since February.