According to the ASX website, the bottom-performing stocks in this index were GUZMAN Y GOMEZ LIMITED and MEGAPORT LIMITED, down 13.94% and 11.79%, respectively. Over the last five days, the index has gained 1.84% and is currently 0.40% off of its 52-week high.
Markets have rallied on solid earnings from BHP and National Australia Bank, with investors now looking to results from Woodside Energy, Woolworths, Coles and Qantas. In the week, investors cheered earnings beats from companies such as QBE Insurance Group, up 7.1% on the day, while misses, such as rival Suncorp Group, were punished.
S&P/ASX 200: Top gainers and losers
On the S&P/ASX 200, the top five gainers saw solid advances. TLX, Telix Pharmaceuticals Limited, finished at $10.430, up $1.300 or 14.238%. QBE, QBE Insurance Group Limited, closed at $21.480, rising $1.420 or 7.078%. ASB, Austal Limited, ended the session at $6.300, gaining $0.330, or 5.527%. PDN, Paladin Energy Ltd, settled at $13.950, up $0.720 or 5.442%. BGA, Bega Cheese Limited, completed the top five, finishing at $6.540, an increase of $0.330 or 5.314%.
Among the biggest declines, GYG, Guzman y Gomez Limited, closed at $17.530, down $2.840 or 13.943%. MP1, Megaport Limited, fell to $9.650, shedding $1.290 or 11.792%. LTR, Liontown Limited, ended at $1.620, lower by $0.110 or 6.359%. MIN, Mineral Resources Limited, dropped to $51.250, declining $2.840 or 5.251%. NEM, Newmont Corporation, finished at $167.600, down $8.650 or 4.908%.
S&P/ASX 200: Sectors ended mixed
Sectors ended mixed. 6 of 11 sectors were lower along with the S&P/ASX 200 Index, according to the ASX website. Utilities was the best-performing sector, gaining +0.73% and +1.04% for the past five days.On the day, miners fell 0.7% after the world’s top iron ore producer, Rio Tinto, shed 3.1% after reporting an annual profit on Thursday after market hours that missed estimates. Even so, the subindex has advanced 0.9% this week, underpinned by upbeat earnings from rival BHP, whose shares climbed 0.2% on the day.
