ASX 200 Live: Shares Higher, WiseTech Soars

You need less than a minute read Post on Oct 26, 2024

ASX 200 Live: Shares Higher, WiseTech Soars

The Australian share market is trading higher this morning, with the ASX 200 up 0.6% to 7,370 points at 10:45 AM AEST. The benchmark index is tracking a positive lead from Wall Street, where the S&P 500 closed 1.4% higher overnight.

Leading the Charge: WiseTech Global

WiseTech Global (WTC.AX) is the standout performer on the ASX today, surging 15% to $35.91. The logistics software provider announced a strong set of half-year results, with revenue jumping 25% and earnings before interest, taxes, depreciation, and amortization (EBITDA) increasing 28%.

The company also reported record customer additions and a strong pipeline of future contracts, fueling investor optimism.

Other Notable Movers

Mineral Resources (MIN.AX) is up 3% to $64.85 after the mining company announced a record profit for the first half of its financial year.
Telstra (TLS.AX) is trading 1% higher at $4.18 on the back of a positive update on its mobile business.
Fortescue Metals Group (FMG.AX) is down 1% to $21.08 despite reporting a strong set of half-year results.

Looking Ahead:

The ASX is expected to remain volatile in the coming weeks, with investors closely watching the global economic outlook and the ongoing war in Ukraine. The Reserve Bank of Australia (RBA) is also scheduled to meet next week, and a potential interest rate hike is being priced into the market.

Key Takeaways:

The ASX 200 is trading higher this morning, fueled by a positive lead from Wall Street.
WiseTech Global is the top performer, surging on strong half-year results.
Other notable movers include Mineral Resources, Telstra, and Fortescue Metals Group.
Investors are closely watching the global economic outlook and potential interest rate hikes.

This article is for informational purposes only and does not constitute financial advice.

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ASX 200 Live: Shares Higher, WiseTech Soars

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