Skip to content

ASX closed climbs; BrainChip tanked 10% on new CEO appointment; Woodside is selling 49% of Pluto Train 2 JV.

  • The ASX200 closed 0.28% higher at 7463.50 to start the week.
  • BrainChip tanked 10% after appointing Sean Hehir as new CEO.
  • Woodside rose 1% after announcing sale of 49% stake in Pluto Train 2 JV.

The Australian market started the week in positive territory, closing Monday’s 0.28% higher at 7463.50 as strong gains for consumer discretionary and tech stocks boosted the key index.

The tech sector rally was driven by NEXTDC surging 4.28%, while Megaport added 3.81% and Appen closed the session 2.95% higher.

Bitcoin is trading 1.85% higher over the last 24-hours at US$65,840.79 at 4:30pm AEDT.

Australian-based neural processor tech company BrainChip tanked nearly 10% today after announcing the appointment of a new CEO, Sean Hehir, a proven technology executive with experience in driving revenue growth for tech organisations. Investors may be selling out of BrainChip shares today as they may have hoped for a CEO with more experience in AI or medical technology companies.

Making headlines, Woodside shares jumped 1.12% today after the company reported it has entered into a sale and purchase agreement with Global Infrastructure Partners (GIP) to sell a 49% non-operating participating interest in the Pluto Train 2 Joint Venture. Woodside will retain a 51% participating interest in the Pluto Train 2 Joint Venture and will remain as an operator, while GIP will fund around US$835m of additional construction capex.

And a Woolworths shopper has gone viral on TikTok for sharing a video hack whereby they bought a $3 packet of 12 cinnamon donuts from Woolworths and used their Air Fryer to turn them into churros at home.

See more stories like this

    Your Cart
    Your cart is emptyReturn to Shop
      Apply Coupon