The ASX 200 has been slightly down, dropping 0.13% to 8,285 points; this marks an overall gain through Monday morning after the bourse had opened 0.7% lower.
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Banking and insurance stocks were leading the gains, marking a slight rebound from last week when poor financial results from Westpac, ANZ, and Bendigo Bank provoked a sell-off in the Financial sector.
Utilities has been the strongest performing sector today, up 2.92%, followed by Consumer Discretionary, up 1.21%, and Financial up 1.07%.
Information Technology has led the reds, down 7.97%, followed by Materials, down 1.76%, and Energy, which was 1.60% lower.
Wisetech Ltd (ASX:WTC) plummeted more than 24% after four independent non-executive directors exited citing ‘intractable differences’ with founder Richard White, who has been under the cloud of a sex scandal since last year.
Wisetech shares were $92.28.
Insurer NIB Holdings Ltd (ASX:NHF) was 15.48% higher after a financial report showed that while underlying operating profits had been 26.7% lower in the first half of the 2025 fiscal year – at $105.8 million – this was in line with expectations.
NIB’s revenue increased 7.7% in the half year to December, coming in at $1.8 billion.
NIB was trading at $6.86.
And, software company Iress Ltd (ASX:IRE) fell 17.54% despite telling investors its profit had risen 164% to $88.7 million in 2024.
Iress has been trading at $7.41 today.
That’s Market Update, we’ll see you again a little later for Market Close.
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