Here are the best ASX large-cap engines for Wednesday


The ASX 200 ended down 0.21% today, after Wall Street fell overnight.

Local stocks fell despite consumer sentiment remaining positive, with the latest Westpac Consumer Sentiment index showing an increase of 0.6% to 105.3 in November.

Energy and mining stocks pulled the overall market down, while financials and utilities outperformed.

Financials were mainly supported by National Bank of Australia (ASX: NAB), which peaked in three years.

NAB stock rose 4.25% to $ 30.15 after yesterday announcing strong earnings beating expectations, as well as a dividend twice as large as last year.

Mining stocks were generally weaker, with the spot price of iron ore falling another 1.5% overnight. It sank again today, with near-date December futures contracts now trading below US $ 90 / ton in Singapore.

Meanwhile, investors anxiously await key US data tonight, with both US inflation and New York hours jobless claims coming out.

China has already released theirs today, with data showing that consumer inflation rose 1.75%, the fastest pace since September 2020.


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Chalice Mining (ASX: CHN) was once again one of the most active stocks today, rising 4% to $ 9.05, after rising 28% yesterday. Chalice was a small-cap explorer in March of last year and is now a $ 3.2 billion company sitting on the biggest PGE discovery in Australian history.

Women’s fashion retailer City Chic Collective (ASX: CCX) appointed Peter McClelland as new CFO. McClelland’s previous roles have included CFO and COO of oOh! Media and more recently, CFO of Isentia.


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Church management system Push payment (ASX: PPH) plunged 13% today after lowering its EBITDA guidance to US $ 62 million-US $ 67 million, after its half-year EBITDA fell below to only US $ 29.6 million .

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