Today, since the beginning of the session, the benchmark index is trading lower after falling sharply at the open, but bears are retreating marginally at noon. Information technology has lost the most in the index, down 5%, followed by consumer discretionary, telecommunications, healthcare, A-REIT, materials, energy, financials, industrials. The Healthcare subsector sector index fell to its lowest since March 2020 as the impact of the rising Australian Dollar is seen in the companies. Here are the latest Price Sensitive Updates from the ASX listed companies.
• Shares of Swift Media (ASX:SW1) climbed as much as 4.88% at noon reaching A$0.043
• The content and telecom provider posted a 142.9% rise in half yearly EBITDA to A$615,493, the growth is propelled by lower costs.
• Swift Media also signed contracts worth A$2 million to deliver its communication and entertainment solutions at mining and resources sites for its clients.
• The company noted that the financial results were hit by a cyber incident which saw its key services disrupted for three to four weeks.
• Share price of lithium miner Orocobre (ASX:ORE) fell 7.087% traded at A$4.72 by mid-market trading session
• Its half-year loss widens to $29.1 million from $18.9 million a year earlier. Moreover, the revenue dropped to $35.9 million.
• The company noted supply tightening in the lithium market is expected in the half year ending June but it expects lithium prices to rise more than 50% in the second half.
• BWX Limited (ASX:BWX) share price gained 10.20% reaching A$ 4.43 today by mid-day session.
• Natural skin and hair products maker said half-year net profit attributable rose to A$9.9 million and revenue increased to A$84.5 million.
• The company announced, U.S.-based Ares Management will buy 60% of the private markets businesses of its asset management arm AMP Capital for A$1.35 billion.
AMP will retain 40% of the private markets business.
• Shares of Orica Ltd (ASX:ORI) plunged as much as 18.94% traded at A$12.44 by lunchtime.
• The world's top supplier of commercial explosives says a trade spat between Australia and China will hit its sales to thermal coal mining customers.
• The company noted that the demand for its products and services from affected mines to be about 60 thousand tonnes of ammonium nitrate lower in the first half than a year earlier.
• Its revenue grew 258% to A$21.4 million.
• Metallurgical coal producer Coronado Global Resources (ASX:CRN) share price fell as low as 18.52% traded at A$ 0.99 at noon.
• The company reported full-year net loss attributable to shareholders of $226.5 million and the revenue dropped 34% to $1.46 billion as well.
• The stock was second-biggest percentage loser in the ASX All Ordinaries index today. That's all for now. Keep watching Kalkine Media’s Mid-Market Show: Price Sensitive Updates for the latest news.