Laura Bessarati
๐ค SpeakerAppearances Over Time
Podcast Appearances
Same with the financials.
So both of our two largest sectors barely budging.
And it's similar for some of the other sectors as well.
But we are seeing consumer discretionary up by around one and a half.
Same with consumer staples, healthcare almost flat.
So that's why we've had quite an uninspiring day today, it seems.
Might as well talk about Viva Energy because it's been the worst performer on the ASX 200 today.
It's down 9% and this is after coming out of its two-day trading halt.
And of course, remember, this follows a major fire at its Geelong refinery late last week.
Now, the good news is the fire was brought under control last Thursday morning.
Its shares have been halted since that fire broke out.
So Thursday, Friday, they were offline.
They're back today.
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.
and petrol at approximately 60%.
It said it has sufficient fuel stocks to cover this reduced production and expects to maintain normal fuel supply to customers following the incident.
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,
It's actually completely offline, which means less fuel production.
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.
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.