The ASX200 finished 1.3 per cent down with every sector in the red and Industrials and Real Estate brittle and bruised as both slid more than 2% at close.
Nevertheless, there were rays of sunshine on a gloomy day.
In the green
Resmed Inc (ASX:RMD) Share Price | Latest News – The Market Online shares were up around 9% on the release of the company’s third Quarter FY2024 results.
The company reported revenue for the quarter had increased by 7% to $1.2 billion, driven by strong global demand for the company’s sleep device and mask products.
RMD closed at $31.40.
American Rare Earths (ASX:ARR) was up 16% after confirming a proposal from NASDAQ-listed Special Purpose Acquisition Company to acquire its 2.3 billion tonne, Halleck Creek Rare Earths Project in Wyoming, USA, which is 100 per cent owned by an ARR subsidiary.
ARR has chosen to decline the all-share offer for the time being.
ARR closed at 32 cents.
And Newmont Corporation (ASX:NEM)was up nearly 14% on its quarterly update.
The company’s adjusted net income totalled US$630 million – which is up 39.4% on the previous quarter.
The company also confirmed it is on track to deliver its 2024 guidance for production, costs and capital spend.
NEM closed at $65.70.
In the red
In the red
Real estate struggled today, the sector lost more than 2 cent – with Scentre Group (ASX:SCG) and Goodman Group (ASX:GMG) all shedding around 1.5 per cent.
BHP Group (ASX: BHP) was down 4.6% after it confirmed it had launched a takeover bid for fellow mining giant Anglo American. This followed media speculation of a potential deal which had unsettled shareholder groups and financial firms in London, and provoked criticism from a South African government minister.
BHP closed at $43.15.
And Super Retail Group (ASX:SUL)– owner of retail chains Rebel Sports, and Supercheap Auto slid 3.43% on news that two of its employees are suing the company for unspecified damages.
The group expects the employees to jointly claim loss and damage in the range of $30 to $50 million dollars – for allegations which include bullying, victimisation and adverse treatment. The company had reviewed and dismissed the accusations as unsubstantiated.
SUL closed at $14.37.