AU Evening Wrap: ASX Drifts Up, But Posts Weekly Loss of 1.7%
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• Top gainers: $APM Human Services International Pty (APM.AU)$, $Megaport Ltd (MP1.AU)$, $Altium Ltd (ALU.AU)$
• Top losers: $Fisher & Paykel Healthcare Corp Ltd (FPH.AU)$, $Latitude Group Holdings Ltd (LFS.AU)$, $Allkem Ltd (AKE.AU)$
- moomoo News AU
The $S&P/ASX 200 (.XJO.AU)$ finished Friday up 0.23 per cent, or 16.6 points to 7154.8 points for their first gain in five trading sessions to end a week punctuated by worries over US debt ceiling negotiations down 1.9 per cent.
On the week, the index dropped 1.7 per cent, the worst weekly decline in more than two months.
The technology sector's broad gains came after a blowout sales forecast from US computer chip and artificial intelligence services group Nvidia, which surged 24.4 per cent or $US195 billion in market value over a single trading session.
Technology shares advanced 1.55 per cent on the S&P/ASX 200 Index. Computer chip hopeful $BrainChip Holdings Ltd (BRN.AU)$ caught Nvidia's updraught to climb 6.2 per cent to 43¢.
While shares in $5.3 billion electronic circuit board software business $Altium Ltd (ALU.AU)$ advanced 3.6 per cent to $39.85 to take its gains to 8 per cent over the last two trading sessions. Elsewhere, data centre business $Megaport Ltd (MP1.AU)$ jumped 6.2 per cent to $6.84.
Shares in New Zealand-based healthcare giant $Fisher & Paykel Healthcare Corp Ltd (FPH.AU)$ tumbled 6.3 per cent to $22.48 after it posted a net profit down 34 per cent to $NZ250.3 million on sales off 6 per cent to $NZ1.58 billion for financial 2023.
Elsewhere, mortgage financing business $Latitude Group Holdings Ltd (LFS.AU)$ cut its profit guidance for the full year and scrapped its interim dividend. Latitude blamed the downgrade on lost income and higher credit losses in the aftermath of a cyberattack on the company in March. Shares tumbled 3.5 per cent on the news.
While TPG Capital takeover target $InvoCare Ltd (IVC.AU)$ said in a trading update that it's taking share in the funeral market. The stock closed up 0.2 per cent at $12.41.
S&P/ASX 200 Movers for Friday (26/5)
![AU Evening Wrap: ASX Drifts Up, But Posts Weekly Loss of 1.7%](https://ausnsimg.moomoo.com/feed_image/151000101/aed593f957a23040981b48ff894996a3.png/bigmoo)
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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 Friday (26/5)
![AU Evening Wrap: ASX Drifts Up, But Posts Weekly Loss of 1.7%](https://ausnsimg.moomoo.com/feed_image/151000101/70a26c77777f3900b330e60e5c8b923a.png/bigmoo)
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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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