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Laura Bessarati

๐Ÿ‘ค Speaker
1004 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

So certainly helpful.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

And financials lifting by 0.4%.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Remember they had a really good day yesterday and still just extending those improvements.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Not quite as good as yesterday, but still an improvement nonetheless, which is helpful.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Shares of betting company Tabcorp have had a very rough session today, slumping by 26% at one stage before recovering slightly.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

They're currently down by around 23% at the moment, so still a huge decline.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Now,

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

The plunge comes after the regulator flagged major concerns with how it manages its anti-money laundering controls.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Now, its chairman said Tabcorp takes its anti-money laundering and counter-terrorism financing obligations very seriously, and the board and executive are fully committed to collaborating with AUSTRAC, which is the regulator, but still that big hit to its share price today.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

I mentioned that Aussie gold miners have been following gold prices higher right at the outset, and this is, of course, on the prospect of US-Iran agreements.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Now, we saw the gold subsector drop by 24% over the course of March, which was when our market was most impacted by the conflict.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Now, it did track a 12% drop in gold prices over the month of March as well, but we have seen them slowly clawing back losses with the gold subindex up

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

four and a half percent today, and it's improved by something like six percent over the month so far.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Among the top performers today has been Orica.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

This is a company that provides...

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

explosives and blasting services for the mining industry.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Now, this is after it narrowed its half-year losses from $89 million in the first half of 2025 to a loss of $600,000 this half.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

So it also upped its dividend from the same time last year, up 14% to $0.285 per share.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

saying the results were supported by strong demand for its higher-end products and technology, as well as a solid gold and copper markets and disciplined cost management as well.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

So, Orica shares up in the order of 8% today.