Market News
Local share market edges higher after further strong gains overnight on Wall Street. Resources are in demand, especially gold stocks like St Barbara (SBM) +10.3%, Capricorn Metals (CMM) +8.7% and Ora Banda Mining (OBM) +8.7%.
ABS cost of living indices show that many transfer recipients are experiencing higher inflation than the official consumer price index (CPI).
ABS Living Cost Indices (% change)

Endeavour Group (EDV) sheds 1.4% the group expected to recognise $311 million in after-tax asset impairments. Other financial year metrics are also disappointing with full-year sales up a modest 1.3% and underlying net profit down 14.8% to $363 million.
Light & Wonder (LNW) climbs 4.0% after posting a 26% lift in June quarter 2026 net profit to US$120 million. Revenue for the period was up 2.3% to US$828 million.
Pinnacle Investment Management (PMI) rallies 8.4% after posting a 31.5% increase in full-year net profit. Total income was up 70.1% to $109.7 million.
S&P/ASX Sector Indices (% change)

Argo Investments (ARG) adds 2.1% announcing it will now pay quarterly dividends to compete with exchange-traded funds (ETFs). The company also releases its full-year results showing a flat net profit and marginal revenue growth of 2.2%.
Neuren Pharmaceuticals (NEU) soars 16.3% after saying that net sales of its Rett Syndrome drug DAYBUE were US$125 million in the June quarter 2026.
Radiopharmaceuticals company Clarity Pharmaceuticals (CU6) jumps 7.1% after reporting promising trial results in the diagnosis of prostate cancer.
S&P/ASX Market Moving Stocks