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ASX 200 finished up on Wednesday with miners bouncing back

24/01/24
Sky News Australia
Dans Asie / Australie

Sky News Business Reporter Edward Boyd says the ASX 200 finished up 0.06 per cent on Wednesday, with miners bouncing back thanks to some better-than-expected quarterly results. Mineral sands mining company Iluka jumped 8.45 per cent after a broker upgraded its earnings per share guidance, a day after the company’s quarterly results were released to the market. Pilbara Minerals - which is Australia’s largest lithium miner - lifted 5.81 per cent after its quarterly production numbers and gold miner Northern Star jumped 6.04 per cent after saying it was on track to meet its gold production guidance in the current financial year. Other top performers included buy now pay later company Zip, which was up 1.41 per cent, commercial real estate manager Cromwell, which lifted 4.00 per cent, and tech stock Appen, which roared back after getting smashed earlier in the week, jumping 17.54 per cent. Healthcare company Nanosonics had its worst day on record, plunging 33.41 per cent after it was forced to revise its earnings guidance for this financial year, and supply chain and logistics software company Wisetech was the worst-performing tech stock of the day, falling 1.98 per cent.

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