Sat. May 28th, 2022

The stock closed at $ 176.63, after its last trading price of $ US128.14 ($ 177.58) on the New York Stock Exchange on Wednesday trading. One Block security on ASX equals one NYSE traded Block stock.

Buy Now, Pay Later provider Zip Co generated $ 167.4 million in revenue in the December quarter, an increase of 58 percent over the same period last year, and set a group record. However, the stock fell 1.4 percent to $ 3.61.

Online cosmetics retailer Adore Beauty fell 8 percent to $ 3.36. THG, the owner of peer-type company Cult Beauty, fell 6.4 per cent in London on a profit warning.

Woodside Petroleum rose 1.5 percent to $ 25.81. It will enjoy around a boost of around 1 billion. USD to pre-tax profit thanks to the reversal of write-downs on two gas companies in Western Australia, while sales have risen sharply due to rising international gas prices. Woodside posted a better-than-expected 86 percent jump in sales in the December quarter to $ 2.85 billion.

Santos added 0.8 percent to $ 7.26. The completion of the $ 21 billion merger with Papua New Guinea’s oil exploration lifted Santos’ record performance and helped lift December quarter revenue by 34 percent to $ 1.53 billion.

Australian coke coal prices have set record highs as miners like Coronado Global Resources say China’s ban on Australian coal will continue through 2022. The price hit a record $ 430 per tonne on 19 January. Coronado rose nearly 6 percent to $ 1.51.

U.S. West Texas Intermediate crude peaked at seven years last night, according to a report by the International Energy Agency, which said the market looked tighter than previously thought. WTI futures were flat in Thursday’s trading at $ 86.97 per share. barrel.

Gold rose 1.5 percent to $ US1841 an ounce in overnight session as US prices fell across the curve and the US dollar weakened.

Resolute Mining rose 4.4 percent to 36 ¢. It achieved quarterly gold sales of more than 75,000 ounces with an average realized gold price of $ 1749 per ounce compared to the average spot price of $ 1796 per ounce, the company said. Resolute Mining has set a 2022 target of 345,000 ounces of gold poured at an average price of $ 1,425.

Northern Star Resources rose 11.2 percent to $ 9.73. It delivered $ 950 million in sales revenue in the December quarter, the company said Thursday, and is on track to reach its gold production guidance levels. The company said the forecast for fiscal 2022 of 1.55 million to 1.65 million ounces of gold with an average price of $ 1475- $ 1575 per ounce was unchanged.

Sydney Airport’s total passenger traffic in December fell 69.7 per cent to 1.2 million from the corresponding period in 2019. Its shares closed unchanged at $ 8.65.

Incitec Pivot fell 0.9 percent to $ 3.44 despite maintaining its operational production targets, pointing to “strong commodity winds” that have driven “favorable market conditions” for the company.

The online fund management platform Netwealth set a target of $ 13.5 billion in net inflows for the fiscal year ending June 30th. It had a record-high net inflow of $ 3.6 billion in the December quarter, an increase of 41 percent. The stock added 0.2 percent to $ 16.46.

Real estate mutual funds fell nearly 1 percent during the session in response to the threat of higher interest rates in major global economies. Charter Hall Group fell nearly 2 percent to $ 17.58, and Dexus 1.2 fell percent to $ 10.84.

Woolworths Group fell 0.9 percent to $ 35.08, and Coles Group fell by a similar margin to $ 16.32.

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