AU Evening Wrap: Australia Shares Edge to Sixth Straight Gain, Healthcare Sector Tumbles
G'day, mooers! Check out the latest news on today's stock market!
• Top gainers: $Nickel Industries Ltd (NIC.AU)$, $The Star Entertainment Group Ltd (SGR.AU)$, $Judo Capital Holdings Ltd (JDO.AU)$
• Top losers: $CSL Ltd (CSL.AU)$, $Tabcorp Holdings Ltd (TAH.AU)$, $Imugene Ltd (IMU.AU)$
- moomoo News AU
$S&P/ASX 200 (.XJO.AU)$ edged less than 0.1% higher to 7091.0, stretching its longest winning streak since June to six sessions. The benchmark index gave back most of the 0.3% gain it made in the first hour of the session, but still managed to finish 2.6 points above the gain-line to sit 2.0% higher so far this week.
The heavyweight financial and materials sectors put on 0.9% and 0.7%, respectively, amid strength in banks and miners.
Health was the main drag, shedding 4.5% on weakness in blood-products giant $CSL Ltd (CSL.AU)$. CSL, the third-largest ASX 200 company by market capitalization, lost 6.3% a day after almost 25% of shareholders voted against its executive pay proposals.
Real estate stocks were among the best performing. $Goodman Group (GMG.AU)$ up 1.5% to $22.46 and Westfield parent $Scentre Group (SCG.AU)$ jumping 1.2% to $2.55.
$Tabcorp Holdings Ltd (TAH.AU)$ shares sank 6.2% to 91.5¢ after revenue dropped 6.1% in the first quarter of financial 2024. Gaming services revenue declined 12.7%, due to the sale of eBet and lower contracted electronic gambling machines.
Takeover target $Liontown Resources Ltd (LTR.AU)$ shed 1.7% to $2.87. It has given a seven-day extension to US company Albemarle for its due diligence period. Albemarle's $3-a-share cash offer won over the Liontown board led by Tim Goyder on September 4.
$Redbubble Ltd (RBL.AU)$ soared 30.4% to 60¢ after it returned to positive underlying cash flow, according to the company's latest quarterly trading update. It booked an underlying cash flow of $700,000, up $16.9 million on the prior corresponding period.
$Air New Zealand Ltd (AIZ.AU)$ dropped 3% to 65.5¢. The airline cautioned the market against using its first half earnings guidance to the full-year given the "ongoing uncertainties" in the trading environment.
S&P/ASX 200 Movers for Thursday (12/10)
![AU Evening Wrap: Australia Shares Edge to Sixth Straight Gain, Healthcare Sector Tumbles](https://ausnsimg.moomoo.com/feed_image/151000101/28ff44f73e843949acc31f66705c95cc.png/bigmoo)
How to find the above information in moomoo app:
1. Open moomoo app
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
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 Thursday (12/10)
![AU Evening Wrap: Australia Shares Edge to Sixth Straight Gain, Healthcare Sector Tumbles](https://ausnsimg.moomoo.com/feed_image/151000101/30eaf015e5223bf7a6794d17adb5c456.png/bigmoo)
How to find the above information in moomoo app:
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"
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, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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