Proactive's Tylah Tully gives a market wrap for the 23rd of August.
The S&P/ASX 200 ended its recent streak of gains, closing down by 0.16%, influenced by declines on Wall Street. The index finished the week 13.2 points lower at 8,013.8. Despite this, over the last five days, it has risen by 0.54% and remains 1.66% below its 52-week high.
The top performer of the day was Fisher and Paykel Healthcare Corporation, which saw an 11.35% increase in its share price, closing at $32.67. This surge followed the company's strong first-half guidance for the 2025 financial year, projecting revenue between $940 and $950 million, marking an 18% increase compared to the first half of the previous year.
However, Inghams Group and Fletcher Building contributed to the index's decline.
Inghams Group's shares fell by around 20% after issuing a cautionary statement regarding slowing volumes and releasing its FY24 financial results. The company reported a 7.2% increase in revenue but also an $85.4 million increase in net debt.
Fletcher Building Limited saw a 7% drop, with shares falling to $2.78.
In sector performance, only Communication Services, Real Estate, Healthcare, Consumer Discretionary, and Staples saw gains, with most sectors in the red.