CommSec Market Update

Market Close 23 July 24: Aussie stocks snap loosing streak


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The ASX had a comeback today, recovering losses from the previous day despite energy sector drags. Woodside Energy's shares plummeted by 3.7%, hitting a one-month low after a disappointing quarterly update and recent acquisition concerns. The overall market sentiment was boosted by positive cues from Wall Street, with tech and health care stocks seeing significant gains. Notable movements included Transurban's rise following a partnership announcement for motorway upgrades, PolyNovo's surge driven by growing demand for its burn treatment products, and a substantial increase in gold miner Spartan Resources' share price.

 

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