The ASX200 has been down 0.25% at 8178 points.
Wall Street hit fresh records overnight as Donald Trump was voted in by the people for a second Presidential term kicking off in January.
As a result, the Trump Trade has been going strong – most notably equities in general, but also crypto godfather asset Bitcoin.
The pivot into stock markets has robbed some tailwinds from the record-setting gold price this year, prices dipped overnight below $2,700 USD per ounce.
Chemist Warehouse’s backdoor listing is set to go ahead after the ACCC approved the merger with Sigma Healthcare (ASX:SIG).
Both companies entered into a crucial court-enforceable undertaking, with the regulator subsequently approved the deal.
Sigma Healthcare has been up 23% at $2.40.
National Australia Bank (ASX:NAB) has been down 1.8% on FY24 results. The company reported a 6.1% fall in net profit to $6.96 billion. Despite the decline, a final fully franked dividend of 85 cents per share was declared.
NAB has been $38.53.
Spartan Resources (ASX:SPR) has been down 14.5% on news of fresh high-grade gold hits boasting visible gold. The unnamed prospect has a 24m intersection grading at 2.4g/t gold from 503m depth and included a 3m pocket with grades of 11.4g/t gold.
Spartan Resources has been $1.28.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.