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The ASX200 is up nearly one and a half per cent so far today, rebounding from yesterday’s losses.
All sectors, but one, are in positive territory, led by real estate, which is up more than three per cent.
IT stocks are also up, rising two per cent following the NASDAQ’s tech boost overnight.
The only sector in the red today is utilities, ever so slightly.
In breaking news, DP World has reached an agreement with the Maritime Union of Australia, ending ongoing industrial action.
The new four-year agreement addresses compensation, improved safety measures and fatigue management, alongside job security measures and work-life balance for employees.
It replaces the previous contract that expired in September 2023.
In this mid-session update, we will discuss Costa Group Holdings, Chariot Corporation, Alliance Aviation Services and Carnaby Resources.
The ABS today released its latest housing loans data, showing housing finance fell 4.1 per cent in December 2023, with owner-occupier loan commitments falling 5.6 per cent and investor loan commitments dropping 1.3 per cent.
Horticulture company Costa Group Holdings (ASX:CGC) is on track to exit the ASX by next Friday.
This is contingent on the approval of the scheme of arrangement by FIRB and the final court approval for the acquisition by Paine Schwartz Partners and British Columbia Investment Management Corporation.
Should everything go as planned, the departure would create space for Strike Energy (ASX:STX) to enter the ASX200.
Chariot Corporation (ASX:CC9) has struck significant zones of strong lithium-tantalum mineralisation in the first three holes at its Black Mountain project in Wyoming, USA.
The company highlighted 15.5 metres at 1.12 per cent lithium, 14.3 metres at 0.84 per cent and 18 metres at 85 per cent.
CC9 has been trading at 34 cents
Alliance Aviation Services (ASX:AQZ) has promoted Chief Operating Officer Stewart Tully to CEO of the Group as of March 1, 2024.
Mr Tully has been in COO role for the past three years and has almost 35 years of experience within the aviation industry.
AQZ has been trading at $3.37
And Carnaby Resources (ASX:CNB) has struck high-grade copper at its Greater Duchess project in Mt Isa, Queensland.
Results include a four-metre segment at seven per cent copper and 0.05 grams per tonne gold.
The company is planning for a major drilling program to commence soon.
CNB has been trading at 69.5 cents.
