The ASX200 was trading higher approaching close after a day of buoyant investor sentiment.
Discretionary, Real Estate and IT sectors lead the bourse into positive territory on a day when all sectors were solidly in the green.
In the Green
ResMed (ASX:RMD) charged higher today as investors continue to pile into the stock after last week’s full year results. Broker Macquarie has retained its outperform rating and bumped up its price target for the stock from $45.90 to $48.50.
Boss Energy (ASX:BOE) climbed higher approaching close after rejecting the ASX’s disclosure query relating to its Honeymoon project in South Australia. Investor responded positively and pushed the stock higher.
Lotus Resources (ASX:LOT) was up leading into close after receiving environmental and social impact approval for its uranium project in Malawi. This marks the final regulatory hurdle in the bag to restart the project.
In the Red
Telix Pharmaceuticals (ASX:TLX) was down leading into close on release of a financial update. Investors reacted negatively to the numbers on a day of underwhelming trade for the stock.
TMK Energy (ASX:TMK) was down substantially just before close after entering into a strategic alliance with Beijing-based J-Energy. The deal marks a step forward in advancing its coal seam gas project in Mongolia.
Endeavour Group (ASX:EDV) retreated in afternoon trade after broker Bell Potter retained its hold rating and $4.50 price target on the company. The broker says it sees upside, especially if liquor spending increases in response to falling interest rates.