AU Evening Wrap: Energy, tech lead market recovery
G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed up Tuesday, gaining 32.80 points or 0.47% to 6,998.30.
• Top gainers: $Mineral Resources Ltd (MIN.AU)$ $The a2 Milk Co Ltd (A2M.AU)$ $Paladin Energy Ltd (PDN.AU)$
• Top losers: $Sandfire Resources Ltd (SFR.AU)$ $Judo Capital Holdings Ltd (JDO.AU)$ $Johns Lyng Group Ltd (JLG.AU)$
- moomoo News AU
The ASX 200 traded back above 7000 as a rebound in energy prices gathered pace and earnings season started to wind down.
The Australian benchmark rallied as high as 7020 before paring its rise to 33 points or 0.47 per cent at 6998.
The rally reversed almost a third of yesterday's 1.95 per cent tumble, the index's worst loss since June.
Tech stocks, uranium miners and oil and gas producers provided much of the momentum. $Woodside Energy Group Ltd (WDS.AU)$ hit a two-year high following a major dividend increase.
Uranium stocks soared after a closely-followed exchange-traded fund of miners jumped 7.39 per cent overnight. The Global X Uranium ETF closed at its highest in 12 weeks.
$Alligator Energy Ltd (AGE.AU)$ spiked 22.81 per cent. $Bannerman Energy Ltd (BMN.AU)$ put on 20.51 per cent, $Elevate Uranium Ltd (EL8.AU)$ 22.22 per cent and $Paladin Energy Ltd (PDN.AU)$ 5.84 per cent.
$Woodside Energy Group Ltd (WDS.AU)$ hit a two-year high on news shareholders will receive a jumbo dividend of US$1.09 per share following a merger with $BHP Group Ltd (BHP.AU)$'s petroleum business. This year's interim payment is more than three times the 30 US cents paid last year.
Copper and gold miner $Sandfire Resources Ltd (SFR.AU)$ fell 3.6 per cent as full-year profit dipped despite record sales revenues following the acquisition of the MATSA operation in Spain. Net profit after tax fell to US$111.4 million from US$128.6 million in FY21. Sales revenues were a record US$922.7 million.
A 20 per cent slide in full-year net profit helped pull $Bravura Solutions Ltd (BVS.AU)$ down 8.1 per cent. The software maker's costs increased 6 per cent. The firm warned conditions in its specialist labour market would remain "challenging" this fiscal year.
S&P/ASX 200 Movers for Tuesday (30/8)
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2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Tuesday (30/8)
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2. Tap your finger on "Market" and "AU"
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1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: Dow Jones Newswires, The Market Herald
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