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

MT Newswires Live07-23

Australian Shares End Three-Day Losing Streak on IT, Healthcare Boost Australian shares ended their three-day losing streak, tracking the gains of their Wall Street peers, with the information ...

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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. 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