FIVE at FIVE AU: ASX ends higher led by strong Woolies performance By Proactive Investors

Oil prices wrap up week with 7th weekly loss as supply surplus concerns continue

FIVE at FIVE AU: ASX ends higher led by strong Woolies performance

Published Aug 23, 2023 16:07 Updated Aug 23, 2023 16:30

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FIVE at FIVE AU: ASX ends higher led by strong Woolies performance

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The ASX has logged its biggest daily gain since July, with the benchmark ASX200 Index rising by 0.54%, or 38 points, to reach 7,159.9. This did help trim the ASX’s losses for the week that now sit at -1.99%.

Consumer staples led today’s gains, rising 1.89% on the back of Woolworths Ltd 3.51% gain after posting a 4.6% lift in annual profit to $1.62 billion and a massive 19.1% rise in earnings before interest and tax in Woolworths’ flagship food business.

While welcome news to Woolworths shareholders, the impressive result prompted claims of price gouging of consumers.

Domino's Pizza also finished higher, gaining 11.81% after announcing job cuts off the back of a 74% fall in net profit and the slashing of its final dividend to 42.6¢ per share from 68.1¢. Domino's, meanwhile, has promised no more pizza price rises.

Materiala (+1.50%) and Consumer Discretionary (+1.14%) also ended in the green. Tech stocks, however, didn’t fare so well, slumping by 5.15%, led by a 19.62% decline in WiseTech after its earnings fell short of estimates.

Non-bank lender, Pepper Money, also suffered a heavy fall, losing 14.15% after posting a big drop in profit and slashing its dividend.

Energy was another out of favour sector today (-0.68%) with Santos ending the day down 1.02% at $7.73 after it reported a 32% fall in first-half profit amid softer production and lower oil and LNG prices.

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Perseus Mining boosts Yaouré gold ore reserves; to update mine life plan shortly

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Corazon Mining completes successful ore-upgrading tests for Lynn Lake

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On your six

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Kinetiko Energy inks IDC deal for largest onshore LNG project in South Africa

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S&P/ASX 200	7,194.90	+21.60	+0.30%
ASX 200 Futures	7,221.5	+36.5	+0.51%
ASX All Ordinaries	7,405.60	+20.90	+0.28%
US 500	4,603.2	+17.6	+0.38%
Dow Jones	36,247.87	+130.49	+0.36%
China A50 Futures	11,302.0	-16.0	-0.14%
Dollar Index	103.965	+0.461	+0.45%

Crude Oil WTI	71.26	+1.92	+2.77%
Natural Gas	2.552	-0.033	-1.28%
Gold	2,020.80	-25.60	-1.25%
Silver	23.290	-0.769	-3.20%
Copper	3.8340	+0.0365	+0.96%
US Sugar #11	23.41	+0.38	+1.65%
US Coffee C	177.70	+0.20	+0.11%

Australia 10Y	4.359	+0.046	+1.07%
Australia 5Y	4.023	+0.061	+1.54%
New Zealand 10Y	4.982	+0.036	+0.74%
U.S. 10Y	4.229	+0.100	+2.43%
Japan 10Y	0.767	-0.005	-0.65%
China 10Y	2.698	+0.010	+0.37%
Singapore 10Y	2.885	+0.009	+0.31%

CSL	266.92	+0.43	+0.16%
Woolworths	35.770	-0.080	-0.22%
ANZ Holdings	24.610	+0.010	+0.04%
Commonwealth Bank Australia	106.440	+0.170	+0.16%
Telstra Group	3.840	0.000	0.00%
National Australia Bank	29.200	+0.010	+0.03%
BHP Group Ltd	47.740	+0.320	+0.67%

FIVE at FIVE AU: ASX ends higher led by strong Woolies performance

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