Hello, I'm Holly and thanks for joining me on Kalkine TV for The Early Trade Show.
The benchmark S&P/ASX200 index opened a tad higher today, 0.14%.
Over the last five days, the index has gained 1.72%, but is down 8.63% on year-to-date basis.
The information technology was up 4.14%, followed by financial sector which was up 2.91%
and consumer discretionary was up 1.73% followed by A-REIT, which was 1.64% higher.
Only energy sector was down with 0.27% fall.
Let’s look at the top gainers and decliners now.
The top performing stocks in this index were dairy company Bega Cheese up 2.35% and professional
technical services provider ALS, up 0.36%. The bottom performing stocks featured steel
producer Bluescope Steel down 1.5% and health supplements company Blackmores, down 0.13%.
Now, Let's look at some of the stocks making a buzz today in the opening session of ASX.
First up. Australian travel agency FLIGHT Centre Travel Group today amended its 2022
fiscal year market guidance following a solid rebound in travel demand globally
late in the year. Based on preliminary 2022 trading results, the company now expects to record
an underlying EBITDA loss between $180 million and $190 million for the 12 months to June 30,
2022. The company also expects to breakeven for the six months to June 30, 2022, which is a major
turnaround after significant losses through to February 2022. In the opening session on ASX,
FLIGHT Centre Travel Group shares were trading at AU$17.69, up 3.39%.
Moving on. Australian investment fund and trustee group Perpetual
has released the quarterly business update for the period ended 30 June 2022. Perpetual’s total
Assets under Management were AU$90.4 billion on 30 June 2022, 8% lower than the prior period.
Perpetual Chief Executive Officer and Managing Director, Rob Adams said that the company has
delivered a solid quarter in what has been a tough market environment for asset managers.
Its Assets under Management was impacted by a decline in markets through the quarter.
In the first trading session on ASX, Perpetual shares were trading at AU$30.45, up 0.09%.
A leader in infection prevention solutions Nanosonics has provided a business update in
respect of the transition to a more direct sales model in North America
and released fourth quarter financial year 2022 trading update. Its North American new installed
base increased by 2,650 units in 2022, up 11% on prior corresponding period. The financial
year 2022 revenue expected to be reported at $120.3 million, up 17% on prior year.
Nanosonics states that the transition to revised sales model in North America is completed
with significant proportion of all consumables sales now going through direct channel.
In the opening session on ASX, Nanosonics shares were trading at AU$4.63, up 0.22%.
ALRIGHT, that's all for this edition of EARLY TRADES, another episode coming your
way until then make sure to keep it locked on Kalkine TV for the latest
market insights and business news. I'm Holly, signing off for now.