1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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The S&P/ASX 200 retreated by 1% to 9038.2 points on Thursday, in another session heavy with earnings reports, and with mounting expectations of an RBA rate hike.
The local tech sector was lower after a weak session on Wall Street. Nvidia’s Q2 FY27 results beat expectations, but fell short of lofty market forecasts. Its shares edged higher in after-hours trade.
Meanwhile, consumer stocks were broadly in the red. Wesfarmers dropped 4.6% after reporting earnings growth, but warned that borrowing costs are expected to rise in FY27 due to higher net debt, capital expenditure and funding costs.
Elsewhere, Mineral Resources shed 2.3% despite posting a record full-year profit of $1.2 billion, bouncing back from a loss a year earlier.
Sigma Healthcare dropped 7.7% despite posting a record profit, and crediting the Chemist Warehouse merger for growth
Qantas gained 4.8% despite reporting a lower first-half profit as higher fuel costs weighed. The airline expects unit revenue to rise eight to ten percent in the first half of FY27, helped by fewer seats and higher airfares.
Tomorrow marks the final official day of reporting season, with NextDC set to report and provide further insight into the local data-centre trade.
