The ASX200 has been up 0.49% at 8,515 points.
The Aussie index extended yesterday’s gains as investor sentiment remains positive in anticipation of an RBA rate cut.
Energy has been the best performing sector, up 1.25%, followed by Discretionary, up 0.9%, and Materials and Staples, both up around 0.5%. Real Estate has been the worst performer, down 0.4%, followed by Telecommunication , down 0.25%, and Utilities, down 0.15%.
Zip Co (ASX:Zip) has been down more than 22% after releasing its quarterlies. The company achieved strong results across most financials metrics, but still did not meet investor expectations. Revenue margin slipped to 7.9% from 8.2% in the prior quarter.
Zip has been trading at $2.53.
Pioneer Lithium (ASX:PLN) has been down 7% after acquiring two uranium projects in Colorado, U.S., and Namibia, Africa. The decision marks an expansion of Pioneer’s portfolio into the critical energy minerals sector.
Pioneer Lithium has been 20 cents.
Mineral Resources (ASX:MIN) has been down 2.1% on reports its on track to meet its FY25 guidance. The company has made progress at its Onslow Iron Project, which is advancing towards its target of 35 million tonnes per year.
Mineral Resources has been $35.50.
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