Markets in Focus: ASX Performance and Mineral Resources Decline
Sunday, 3 November 2024, 22:20
ASX Performance and Market Trends
The news highlights that while the Australian sharemarket started the week on a positive note, Mineral Resources shares plunged sharply. Specifically, the benchmark ASX 200 witnessed a 0.56% increase, closing at 8,164.6. Notably, nine out of eleven sectors concluded in the green.
Biggest Movers
- Mineral Resources fell by 9.63% amid new leadership plans escalating from the tax scandal involving managing director Chris Ellison.
- Telix Pharmaceuticals saw a 3.5% rise after changes in payment structures for nuclear medicine tests.
Quarterly Earnings Highlight
- Westpac posted a 3% decrease in full-year profit, totaling $7 billion, raising its share buyback.
- GPT ended flat while reaffirming its full-year guidance despite lowered occupancy across portfolios.
Further Market Insights
Other news includes Westgold Resources, with a reported increase of 3.23%.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.