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Laura Bessarati

๐Ÿ‘ค Speaker
1165 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

Same with the financials.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

So both of our two largest sectors barely budging.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

And it's similar for some of the other sectors as well.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

But we are seeing consumer discretionary up by around one and a half.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

Same with consumer staples, healthcare almost flat.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

So that's why we've had quite an uninspiring day today, it seems.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

Might as well talk about Viva Energy because it's been the worst performer on the ASX 200 today.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

It's down 9% and this is after coming out of its two-day trading halt.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

And of course, remember, this follows a major fire at its Geelong refinery late last week.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

Now, the good news is the fire was brought under control last Thursday morning.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

Its shares have been halted since that fire broke out.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

So Thursday, Friday, they were offline.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

They're back today.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

And the company has said in the short term, its Geelong refinery expects to be producing diesel and jet fuel at approximately 80% of capacity.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

and petrol at approximately 60%.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

It said it has sufficient fuel stocks to cover this reduced production and expects to maintain normal fuel supply to customers following the incident.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

Its cracking unit, however, which is basically its processing unit that takes heavy, low-value fuel and breaks them down into usable fuels like petrol,

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

It's actually completely offline, which means less fuel production.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

But over the next few weeks, it does expect to restart its cracking unit and then, of course, lift production of diesel, jet fuel and petrol to over 90% of capacity until those repairs are completed.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

Now, on top of that update, it also came out with its quarterly saying the conflict in the Middle East has substantially disrupted crude and product flows that would normally transit through the Strait of Hormuz.