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ASX closed rebounded; Catapult fell 6% on H1 results; Sonic Healthcare rose 3% on performance update.

  • The ASX200 closed 0.13% higher on Thursday at 7379.20 points.
  • Catapult fell 6% on H1 FY22 results despite strong revenue growth.
  • Sonic Healthcare rose 3% on results for the first four months of FY22.

The Australian market maintained momentum to close 0.13% higher on Thursday at 7379.20 as the gold miners surged 2.7%, which offset heavy losses for energy stocks like Whitehaven Coal (-3.66%) and Oil Search (-1.89%).

The tech sector remained steady in afternoon trade to close the session in positive territory as Appen jumped 5.45%, Altium added 3.03% and Computershare finished the session 2.44% higher.

Bitcoin is trading 0.25% lower over the last 24-hours at US$59,871.99 at 4:45pm AEDT.

Catapult Group International took a hit today after the sports analytics and wearable technology company released its half-year update. For the half ended September 30, Catapult reported annualised contract value growth of 43% to US$58.8m, subscription revenue growth of 29%, and total revenue increase of 13% to US$37.5m. Investors may have sold out of Catapult shares today after the company’s EBITDA was impacted by the ‘normalisation of COVID impacts and accelerated investment’.

Making headlines, Sonic Healthcare shares jumped 3% today after the lab services, pathology and radiology services company released a trading update for the first four months of FY22. For the period, Sonic reported 5% revenue growth YoY to $3.1bn and EBITDA up 16% YoY to $991m, but the company did not deliver an earnings guidance for FY22 due to COVID-19 related unpredictability.

And Google Meet is enhancing its video-conference calling experience for users by adding immersive backgrounds to replicate live cafes or apartment foyer.

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