Market update: ASX treads water with IT rising and energy flailing

The Market Herald04-08

The ASX200 closed up .2 of a per cent with IT up more than a per cent and energy and staples both flailing behind and losing around a per cent. Stirring our interest today were Qantas Airways, Emerald...

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href=https://themarketonline.com.au/691391-2024-04-08/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ASX200 closed up .2 of a per cent with IT up more than a per cent and energy and staples both flailing behind and losing around a per cent.\nStirring our interest today were Qantas Airways, Emerald...</p>\n\n<a href=\"https://themarketonline.com.au/691391-2024-04-08/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALD.AU","symbol_name":"AMPOL LTD","start_time":0,"source_url":"https://themarketonline.com.au/691391-2024-04-08/","article_id":"2425370389","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425370389","pubTimestamp":1712559000,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"The ASX200 closed up .2 of a per cent with IT up more than a per cent and energy and staples both flailing behind and losing around a per cent.Stirring our interest today were Qantas Airways, Emerald Resources, Tietto Minerals, Beach Energy and Elders.Qantas Airways  was up nearly 5 per cent and made headlines with the launch of its ‘Classic Plus Flight Rewards’ – a new way for its members to use their Qantas points to book flights.And following the launch, Qantas Loyalty is expected to deliver between $500-525 million underlying EBIT in FY24 before returning to growth of around 10 per cent in underlying EBIT by FY25.Gold producer Emerald Resources  shot up nearly 1.5 per cent – beating its quarterly expectations – with 28,539 ounces of gold extracted from its Okvau gold mine in Cambodia in the March 2024 quarter.And Australian agricultural giantElders  was down almost 25 per cent as the company cited climate drivers, among other factors, for a steep decline in H1 FY24 forecasts.","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"ALD.AU":"AMPOL LTD","ELD.AU":"ELDERS LTD","BK7065":"石油与天然气的炼制和营销","QAN.AU":"QANTAS AIRWAYS LIMITED","BK7030":"航空公司","BK7142":"石油与天然气的勘探与生产","BK7505":"食品股","BK7117":"农产品","TIE.AU":"TIETTO MINERALS LTD","WDS.AU":"WOODSIDE ENERGY GROUP LTD","BPT.AU":"BEACH ENERGY LTD","STO.AU":"SANTOS LIMITED","BK7104":"黄金","EMR.AU":"EMERALD RESOURCES NL","BK7507":"资源股"},"translate_title":"市场更新：ASX在上涨和能源动荡中踩水","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALD.AU":1,"BPT.AU":1,"ELD.AU":1,"EMR.AU":1,"QAN.AU":1,"STO.AU":1,"TIE.AU":1,"WDS.AU":1},"content_text":"The ASX200 closed up .2 of a per cent with IT up more than a per cent and energy and staples both flailing behind and losing around a per cent.\nStirring our interest today were Qantas Airways, Emerald Resources, Tietto Minerals, Beach Energy and Elders.\nIn the green\nQantas Airways (ASX:QAN) was up nearly 5 per cent and made headlines with the launch of its ‘Classic Plus Flight Rewards’ – a new way for its members to use their Qantas points to book flights.\nThe change is one of the biggest expansions of the Qantas Frequent Flyer program in its 35-year history.\nAnd following the launch, Qantas Loyalty is expected to deliver between $500-525 million underlying EBIT in FY24 before returning to growth of around 10 per cent in underlying EBIT by FY25.\nQAN closed at $5.69.\nGold producer Emerald Resources (ASX:EMR) shot up nearly 1.5 per cent – beating its quarterly expectations – with 28,539 ounces of gold extracted from its Okvau gold mine in Cambodia in the March 2024 quarter.\nThe Okvau gold mine exceeded the upper end of the production guidance range of 25,000 to 30,000 ounces during the March 2024 quarter – and – it also poured over 10,000 kilograms of gold doré – reflecting its output capacity.\nEMR closed at $3.38.\nTietto Minerals Limited (ASX:TIE) Share Price | Latest News – The Market Online – another gold producer – also had a strong run on its quarterly expectations – and gained 5 per cent.\nThe company reported record production of 37,111 ounces of gold at its Abujar gold project in Côte d’Ivoire for the March 2024 quarter, compared with 35,553 in the December quarter. This company believes this is attributed to an increase in milling rates, which rose to 410,000 tonnes of ore per month compared to an average of 381,000 tonnes over the previous six months.\nTIE closed at 64 cents.\nIn the red\nEnergy giants struggled today, the sector lost more than a per cent – with Woodside Energy (ASX:WDS) and Santos (ASX:STO) shedding more than a per cent, whilst Ampol (ASX:ALD) dropped more .61 of a per cent.\nAnd speaking of the energy sector – oil and gas explorer Beach Energy (ASX:BPT) shed more than 15 per cent after posting an update at its Waitsia Stage 2 Gas Plant in Western Australia. In its FY24 half-year results, the company said it had encountered quality issues during the pre-commissioning of systems.\nThe issues, involving rebuilding compressors, replacing valves and flanges, have now largely been addressed. However, additional pre-commissioning quality issues seem to have surfaced.\nThe Waitsia Joint Venture is currently revising its schedule and cost estimate in light of these developments.\nBPT closed at $1.61.\nAnd Australian agricultural giant Elders (ASX:ELD) was down almost 25 per cent as the company cited climate drivers, among other factors, for a steep decline in H1 FY24 forecasts.\nHalf year trading was below expectations due to lower crop protection prices compared to the previous corresponding period.\nThe company expects weather conditions to return to ‘neutral’ by late May.\nCattle and sheep prices were also significantly below the 10-year mean and had impacted the first quarter.\nELD closed 25 per cent down at $7.43.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2425370389"}