5:30 PM Sydney, Australia – Australian market indexes extended weekly gains and wholesale inflation in second quarter slowed on weaker energy prices. ResMed said fourth quarter sales increased 8%. Monadelphous won four contracts worth $130 million.
Australian market indexes extended weekly gains on Friday and wholesale inflation index in the second quarter increased at a slower pace.
The producer prices index in second-quarter increased 0.3% followed by 0.5% increase in the first-quarter, the Australian Bureau of Statistics said today.
For the year, producer prices index jumped 1.1% compared to 0.7% increase in the previous quarter.
Australian dollar closed at 73.02 U.S. cents and in stock trading turnover jumped to 849 million shares worth $6.7 billion.
At close, the ASX 200 Index gained 29.70 or 0.5% to 5,699.20 and the broader All Ordinaries Index rose 28.60 to 5,681.70.
For the week, ASX 200 increased 2.2% and for the month jumped 3.2%.
For the year-to-date ASX 200 soared 5.3% and gained 2.1% from a year ago month.
In commodities trading, gold slid US$4 to US$1,085 an ounce and Brent crude fell 0.35 cents to close at US$52.96 a barrel.
Pepper Group Limited
surged 26.9% to $3.30 after the lending services provider priced its stock at $2.60.
The stock opened at $3.05 and closed at $3.30.
Australian Stock Movers
Monadelphous Group Limited
slipped 1.7% to $8.55 after the diversified services provider secured four new contracts for three-year to provide project maintenance and shutdown works for Queensland-based Alumina Limited worth about $130 million.
tumbled 14.7% to $2.38 after the gold producer agreed to acquire Canada-based Romarco Minerals Inc for more than $900 million.
Primary Health Care Limited
fell 0.4% to $4.60 after the medical and healthcare services provider dell its stake in Vision Eye Institute Limited for about $34 million to reduce the debt and estimate to book pre-tax profit of $14 million on the sale.
soared 6.4% to $8 after the medical devices maker reported revenues in the fourth-quarter ending in June climbed 8.4% to $1.68 billion form $1.55 billion in a year ago period.
Net profit in the year increased 2.2% to $352.9 million compared to $345.3 million and diluted earnings per share jumped to $2.47 from $2.39 in a year ago period.