Lacklustre trading on the ASX as technology and retailing stocks push higher but energy and healthcare companies slump. Woolworths Group (WOW) tumbles 11.2% after spinning off its drinks and hospitality business Endeavour Group (EDV). Endeavour closes at 6.02 after hitting a high of $6.60 in intraday trading.
S&P/ASX 200 Intraday
ABS business conditions and sentiments survey for June shows
- 27% of respondents are having difficulty finding suitable staff to fill jobs;
- the proportion of businesses expecting an increase in revenue has fallen from 27% in February 2021 to 18% for July 2021; and
- 74% of businesses reported a lack of applicants for jobs.
Harris Technology Group (NT8) jumps 9.1% after saying that its recent Amazon Australia Prime Day promotion saw a record sales totalling $429,963. This represents a 32% increase on the previous Prime Day promotion in 2020.
S&P/ASX Sector Indices (% change)
SG Fleet (SGF) closes flat amid news that the Foreign Investment Review Board (FIRB) has issued a 'no objection' notification to the company in relation to its proposed acquisition of LeasePlan Australia.
Medical software business Pro Medicus (PME) rallies 6.9% despite being downgraded from hold to reduce by broker Morgans.
Cimic Group (CIM) edges 0.1% higher after being named as the preferred partner for the North East Link road project in Melbourne.
ASX Market Moving Stocks
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