Australian Shares End Three-Day Losing Streak on IT, Healthcare Boost

MT Newswires Live07-23

Australian shares ended their three-day losing streak, tracking the gains of their Wall Street peers, with the information technology and healthcare sectors leading the charge.

The S&P/ASX 200 Index rose 39.40 points, or 0.5%, to 7,971.10.

Wall Street's positive sentiment flowed through to local IT stocks, according to IG. The IT sector posted gains of 1.5% in Tuesday's session on the Australian bourse.

The healthcare sector also notched big gains of 1.5% as domestic stocks rode the "Trump Trade" tailwinds. "Despite US President Biden withdrawing from the US Presidential election race over the weekend, the most likely outcome remains a Republican sweep of Congress under Donald Trump, a scenario expected to be supportive of the US healthcare sector," IG added.

In company news, Talius Group (ASX:TAL) shares surged 11% as the technology services provider reported positive operating cash flow for the June quarter. Cash receipts from customers stood at AU$2.1 million from the sale of assistive technology to enterprise customers.

Locality Planning Energy (ASX:LPE) reported cash and cash equivalents at the end of June of AU$3.5 million. The embedded electricity provider reaffirmed its fiscal 2024 net profit guidance of between AU$1.95 million and AU$2 million. It also expected a significant increase in profitability for fiscal 2025. Shares of the company rose 5%.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2453705385?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-23 14:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2453705385","market":"us","top_or_hot":-1,"title":"Australian Shares End Three-Day Losing Streak on IT, Healthcare Boost","media":"MT Newswires Live","content":"<html><body><p> Australian shares ended their three-day losing streak, tracking the gains of their Wall Street peers, with the information technology and healthcare sectors leading the charge.</p><p>The S&amp;P/ASX 200 Index rose 39.40 points, or 0.5%, to 7,971.10.</p><p>Wall Street's positive sentiment flowed through to local IT stocks, according to IG. The IT sector posted gains of 1.5% in Tuesday's session on the Australian bourse.</p><p>The healthcare sector also notched big gains of 1.5% as domestic stocks rode the \"Trump Trade\" tailwinds. \"Despite US President Biden withdrawing from the US Presidential election race over the weekend, the most likely outcome remains a Republican sweep of Congress under Donald Trump, a scenario expected to be supportive of the US healthcare sector,\" IG added.</p><p>In company news, Talius Group (ASX:TAL) shares surged 11% as the technology services provider reported positive operating cash flow for the June quarter. Cash receipts from customers stood at AU$2.1 million from the sale of assistive technology to enterprise customers.</p><p>Locality Planning Energy (ASX:LPE) reported cash and cash equivalents at the end of June of AU$3.5 million. The embedded electricity provider reaffirmed its fiscal 2024 net profit guidance of between AU$1.95 million and AU$2 million. It also expected a significant increase in profitability for fiscal 2025. Shares of the company rose 5%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australian Shares End Three-Day Losing Streak on IT, Healthcare Boost</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralian Shares End Three-Day Losing Streak on IT, Healthcare Boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-23 14:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian shares ended their three-day losing streak, tracking the gains of their Wall Street peers, with the information technology and healthcare sectors leading the charge.The S&P/ASX 200 Index ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">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":"XAO.AU","symbol_name":"标普/澳交所 普通股指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2453705385","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453705385","pubTimestamp":1721717552,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Australian shares ended their three-day losing streak, tracking the gains of their Wall Street peers, with the information technology and healthcare sectors leading the charge.The S&P/ASX 200 Index ro","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数","BK4137":"综合支持服务","BK7006":"电力公用事业","HCSG":"医疗保健服务","TAL.AU":"TALIUS GROUP LTD","XKO.AU":"标普/澳交所 300指数","BK7016":"应用软件","LPE.AU":"LOCALITY PLANNING ENERGY HOL"},"translate_title":"澳大利亚股市因IT和医疗保健提振而结束三天连跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HCSG":1,"XAO.AU":1,"XJO.AU":1,"XKO.AU":1,"LPE.AU":0.9,"TAL.AU":0.9},"content_text":"Australian shares ended their three-day losing streak, tracking the gains of their Wall Street peers, with the information technology and healthcare sectors leading the charge.The S&P/ASX 200 Index rose 39.40 points, or 0.5%, to 7,971.10.Wall Street's positive sentiment flowed through to local IT stocks, according to IG. The IT sector posted gains of 1.5% in Tuesday's session on the Australian bourse.The healthcare sector also notched big gains of 1.5% as domestic stocks rode the \"Trump Trade\" tailwinds. \"Despite US President Biden withdrawing from the US Presidential election race over the weekend, the most likely outcome remains a Republican sweep of Congress under Donald Trump, a scenario expected to be supportive of the US healthcare sector,\" IG added.In company news, Talius Group (ASX:TAL) shares surged 11% as the technology services provider reported positive operating cash flow for the June quarter. Cash receipts from customers stood at AU$2.1 million from the sale of assistive technology to enterprise customers.Locality Planning Energy (ASX:LPE) reported cash and cash equivalents at the end of June of AU$3.5 million. The embedded electricity provider reaffirmed its fiscal 2024 net profit guidance of between AU$1.95 million and AU$2 million. It also expected a significant increase in profitability for fiscal 2025. Shares of the company rose 5%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.1","shortVersion":"4.29.1","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/2453705385"}