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Highlights
The S&P/ASX 200 index rose as technology and real estate sectors recorded notable gains
WiseTech Global, NextDC, and Xero contributed to a sharp surge in the tech segment
Judo Capital lowered its loan guidance while Amcor completed a major acquisition ahead of schedule
The Australian share market extended its upward momentum as the S&P/ASX 200 index closed higher for a sixth straight session. The benchmark index edged up, supported mainly by strength in the technology and real estate sectors. Seven out of the eleven major sectors ended the session in positive territory, with tech stocks standing out as the primary contributors.
WiseTech Global (WTC) was among the key drivers within the technology segment, gaining after broader sentiment turned favourable across high-growth names. NextDC (NXT) and Xero (XRO) also advanced, reinforcing sector-wide gains. Their performance helped push the technology sector ahead of all others for the day.
Financial firm updates loan outlook
Judo Capital (JDO) recorded a sharp decline in its share value after revising down its full-year gross loans and advances guidance. The firm cited significant volatility in recent operating conditions as the primary factor behind the adjustment. The change in outlook weighed on the broader financials segment despite strength in select areas.
Energy contract extension announced
Worley (WOR) experienced a moderate decline despite announcing a contract extension with a major oil and gas producer. The agreement, which covers brownfield engineering and procurement services at gas processing facilities in Western Australia, was extended by two years. However, the market reaction remained subdued, with the contracting firm’s shares ending lower. Woodside Energy (WDS) also retreated.
Healthcare group completes asset sale
Healius (HLS) rose after finalising the divestment of its Lumus Imaging division. The buyer, a private equity firm based in Asia, acquired the unit through managed funds. The move marks a strategic reshaping of the healthcare group’s portfolio and was received favourably by the market, lifting its shares on the day.
Asset manager sees takeover interest
Platinum Asset Management (PTM) rallied after it was revealed that L1 Capital had acquired a significant stake in the company. The fund manager also commenced discussions with Platinum regarding a possible merger, leading to increased trading interest in the stock. The development marks a notable event in the funds management sector.
Mining company expands West African footprint
Resolute Mining (RSG) declined after confirming the acquisition of two mining projects located in Côte d’Ivoire. The seller, a global gold producer, transferred ownership of the assets as part of a larger transaction. The announcement introduces new developments to the company’s African operations, although the market response was negative.
Packaging firm finalises cross-border deal
Amcor (AMC) completed the acquisition of US-based Berry Global earlier than previously expected. The transaction, which had been underway for several months, was finalised ahead of schedule. However, the company also narrowed its full-year earnings guidance following a softer third-quarter performance. The packaging group cited weaker-than-expected demand in North America as a contributing factor to the revision.
