AU Morning Wrap | ASX 200 lifts as CBA achieves new high; WiseTech tanks on profits warning

The market swapped its morning decline with an afternoon advance on Thursday. Once falling 3%, $NVIDIA (NVDA.US)$ shifted into a climb that helped push tech higher. $Bitcoin (BTC.CC)$ hit two all-time highs during the trading day, reaching $99,121 before pulling back. Just past 4 pm ET, the $S&P 500 Index (.SPX.US)$ climbed 0.53%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 1.06%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed just 0.03%.

Australian shares advanced shortly after Friday's opening, taking cues from Wall Street. The energy sector led the gains, driven by a surge in oil prices following heightened tensions in the Russia-Ukraine conflict. The $S&P/ASX 200 (.XJO.AU)$ climbed 0.89% to 8397, coming within 50 points of the all-time closing high reached on Tuesday. Among the 11 sectors, technology was the only laggard, weighed down by a steep drop in WiseTech shares. This logistics software company revised its FY25 revenue and earnings forecasts downward, contributing to the sector's decline.

As of latest data, $Bitcoin (BTC.CC)$ is priced at $98487.92, up 4.47% in the past 24 hours, while $Ethereum (ETH.CC)$ is priced at $3364.84, up 9.35% in the past 24 hours.

$The a2 Milk Co Ltd (A2M.AU)$ emerged as the standout performer, surging nearly 13% after raising its revenue forecast and announcing plans to begin paying dividends, driven by stronger-than-expected sales and rising global dairy prices.

Jewelry retailer, $Lovisa Holdings Ltd (LOV.AU)$ saw its shares fall 2.63% as sales for the first 20 weeks of FY25 came in below analyst expectations.

$Electro Optic Systems Hldgs Ltd (EOS.AU)$ shares jumped 12.25% today, it announced the sale of its EM Solutions unit to Cohort for $144 million. Acquired in 2019 for approximately $26 million, the net proceeds from the sale will be allocated to bolster the company's core operations, including its focus on the counter-drone market.

$Lendlease Group (LLC.AU)$ shares rose 0.99%, its Chairman John Gillam disclosed the purchase of 130,500 shares, bringing his beneficial ownership to 144,500 shares after the transaction.

software firm $Megaport Ltd (MP1.AU)$ tumbled 9.45% despite reaffirming its FY25 earnings guidance of $57 million to $65 million.