And just like that, it’s the end of the month!
It’s been a busy one @PeakHQ with a few good transactions in a tough market.
New PeakTV out with Melanie Leighton of ASX:TTM discussing the company’s exploration projects in Ecuador and their potential for resource growth.
Check it out here.
Across Markets…
After remaining flat for much of trading, the sharemarket staged a tentative late-session rally, ultimately edging into the green for a fourth consecutive day.
The S&P/ASX 200 closed 7.6 points higher, or 0.1 per cent, to 7305.3. The All Ordinaries fared better, edging up 0.15 per cent.
Despite the gains, the benchmark still ended August 1.4 per cent lower.
The energy sector was the worst performing on the benchmark, led down by a 9 per cent drop in Whitehaven Coal, which trades ex-dividend today. Sector heavyweight Woodside, also trading ex-dividend as of today, dropped 4.1 per cent.
The communication services sector was the best performing with Telstra, TPG Telecom and Carsales all up more than 1 per cent.
Shares in IGO jumped 5.5 per cent after the lithium and nickel miner unveiled a special dividend following “outstanding” full-year results.
Chalice Mining, which dropped as much as 25 per cent on high pricing assumptions in a scoping study for its WA project, continued to fall, down 5.3 per cent.
Harvey Norman gained 5.2 per cent. Australia’s largest white goods and home retailer posted a double-digit slide in profits and dividends over fiscal 2023 but met its June guidance.
Qantas fell 2 per cent. The airline faces tens of millions of dollars in fines over allegations it engaged in false, misleading or deceptive conduct by advertising tickets for more than 8000 flights it had already cancelled.