As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at a record high of 7,670.30 on Friday, down 2.25% in the past 5 days.
1. $BELLEVUE GOLD LTD(BGL.AU)$ +8.04%
This week, Bellevue Gold Limited reported its earnings results for the half year and turned to profit.
The company recorded sales of AUD 49.06 million and net income of AUD 2.19 million, a significant improvement compared to a net loss of AUD 12.52 million reported for the same period a year ago.
Additionally, the Bellevue Gold mine near Leinster in the north-western Goldfields was officially opened, marking a significant step in the company's journey towards making the operation carbon-neutral by 2026.
2. $SANDFIRE RESOURCES LTD(SFR.AU)$ +6.34%
Sandfire is a sustainable mining company transforming into a global copper producer of significance.
On Wednesday, copper prices surged to their highest level in seven months following news that Chinese smelters, responsible for processing half of the world's mined copper, had agreed on a joint production cut.
Benchmark three-month copper on the London Metal Exchange (LME) reached $8,799 per metric ton, marking its highest level since August 1, 2023.
3. $Block Inc(SQ2.AU)$ +6.09%
Block announced the commencement of shipments for its Bitkey hardware device, which serves as a self-custody Bitcoin wallet.
Block highlighted integrations with popular platforms like Cash App and Coinbase Global, enabling seamless transfer and purchase of Bitcoin directly from the Bitkey wallet.
Furthermore, the company announced new merchant partnerships for Afterpay, a subsidiary of Block.
4. $CENTURIA CAPITAL GROUP(CNI.AU)$ +5.92%
Centuria Capital launches the Centuria Select Opportunities Fund (CSOF) targeting wholesale investors.
With an initial $50 million equity raise, the fund aims for a 15% return over five years by investing in property and real estate. Its first investment, a $20.6 million industrial logistics facility in Melbourne, promises positive rent reversions.
5. $WEBJET LTD(WEB.AU)$ +4.65%
Webjet Limited operates market leading travel brands.
Webjet's stock is on the rise following positive international travel data. Analysts predict a full recovery by mid-2024.
Jefferies raised its EPS forecasts for FY 2025-2026 by 4% and increased Webjet's price target by 19% to A$8.30/share.
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