Investing.com - the S&P/ASX 200 was up 0.6% by 12:30pm AEST on Monday, thanks to an encouraging report on July's retail sales figures.
The consumer discretionary sector emerged as the top performer during this period with Wesfarmers Ltd (ASX:WES) leading the charge through a rally that saw its value rise by an impressive 1.7%. Other noteworthy performers included Aristocrat Leisure Ltd (ASX:ALL) and Tabcorp Holdings Ltd (ASX:TAH) who enjoyed increases of 1.4% and 3% respectively.
However, it wasn't all good news across the board as Fortescue Metals Group Ltd (ASX:FMG) took quite the hit - dropping down by a significant figure of approximately 5.1% following their full-year results announcement coupled with changes at executive level which introduced a new CEO into the mix. This iron ore powerhouse reported slight revenue shrinkage for FY2023; while still maintaining billions in earnings ($US16.9 billion), this represented nonetheless a decrease of three percent from previous records.
Meanwhile, Nextdc Ltd (ASX:NXT) - renowned player within data centre circles - was faced with sharp losses that negatively affected overall technology sector performance levels due to their shares falling by about 3.7%. This occurred despite them boasting increased revenues up to $362 million ahead of guidance – marking growth at around one-quarter more than prior amounts.