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The Australia 200 index rose 38 points (0.48%) to 7957, poised for its best close in nearly two weeks, buoyed by supermarket stocks following ACCC findings. The real estate sector also gained amid expectations of an RBA rate cut in May, while the financial sector showed signs of recovery. Gold prices retreated from record highs, and Paladin's uranium operations were suspended due to heavy rainfall.
Metcash's H1 2025 results show mixed performance, with supermarkets performing adequately while hardware and liquor sectors struggle. Group underlying EBIT remained stable at $246.1 million, but Total Tools faced a 16% EBIT decline due to competition and cost pressures. Despite a positive sales outlook for the second half, consumer confidence and ongoing cost challenges remain critical for future growth.
The ASX 200 reached a new milestone, surpassing 8500 points for the first time, driven by positive US economic data and dovish comments from Federal Reserve Chair Waller. Key sectors saw gains, with healthcare stocks like Ramsay Health Care rising 3.15% and technology stocks boosted by a record high in the Nasdaq 100. The market's upward momentum is supported by strong retail sales and improved manufacturing data from China.
Metcash Ltd
Companies
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Australia 200 rebounds as rate cut expectations boost supermarket and real estate stocks
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06:28 21.03.2025
metcash faces mixed results as supermarkets offset hardware and liquor struggles
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06:20 03.12.2024
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