AU Evening Wrap: Rebound hopes lift market off 15-week low

Moomoo News AU wrote a column · May 10, 2022 02:02

G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed 0.98% lower at 7051.20
• Top gainers: $Pendal Group Ltd (PDL.AU)$, $IRESS Ltd (IRE.AU)$, $REA Group Ltd (REA.AU)$
• Top losers: $Johns Lyng Group Ltd (JLG.AU)$, $Chalice Mining Ltd (CHN.AU)$, $Paladin Energy Ltd (PDN.AU)$
- moomoo News AU

The $S&P/ASX 200 (.XJO.AU)$ finished 69.5 points or 0.98 per cent in the red at 7051 after trading as low as 6939.5.

Takeover target $Pendal Group Ltd (PDL.AU)$ gained 8.11 per cent on news first-half profit improved 8 per cent to $96.7 million. Revenues increased by 31 per cent to $362.6 million.

A green light from regulators lifted $Imugene Ltd (IMU.AU)$ 3.12 per cent. The immuno-oncology firm announced it had approval from the Human Research Ethics Committee for a Phase 2 trial of its immunotherapy candidate.

Crude's 5.7 per cent collapse dragged $Woodside Petroleum Ltd (WPL.AU)$ down 2.56 per cent. $Santos Ltd (STO.AU)$ shed 1.73 per cent and $Beach Energy Ltd (BPT.AU)$ 3.88 per cent.

S&P/ASX 200 Movers for Tuesday (5/10)