1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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The local market failed to latch onto the tailwinds of its global peers as geopolitical tensions resurfaced, retreating after Iran-backed Hezbollah rejected a proposed ceasefire between Israel and Lebanon.
The S&P/ASX 200 dipped 0.7% to 8,625.10 points, and lost 1.22% over the past five trading days.
Miners and banks led the market lower Friday as investors sought refuge in more defensive corners of the market like healthcare, as CSL eyes biggest one-day rise since 2022, up 5.3%.
In company news, Megaport returned from a trading halt after unveiling $458.9 million worth of AI-related contracts and securing $518 million from institutional investors. Shares surged 14.7% today.
Elsewhere, Perpetual announced it will buy 70% of loan servicing platform, Interfi Systems, surging in early trade to end the day up 1.85%.
On the other side of the coin, Resolute Mining dipped 4.6% as it cut quarterly production guidance for its Syama gold mine in Mali because of security disruptions.
Tonight, US unemployment data is set to be released as markets monitor Middle East developments.
