Woolworths has revealed a huge net profit despite the Covid-19 pandemic, and shareholders will reap the benefit.
The ASX climbed higher for the third straight day with miners and travel stocks gaining ground as one tech firm rocketed.
The ASX has once again gained ground, with the benchmark index returning above 7500 points and travel stocks among the winners.
The ASX bounced back after suffering its worst weekly decline in almost seven months, with battery materials miners leading the charge.
The ASX was in the green until NSWâ€™s lockdown was extended, but the damage from a 15 per cent iron ore price plunge could have been worse.
The Australian sharemarket is having a shocking week, with sinking iron ore prices dragging down big miners like BHP.
The ASX closed barely changed but would have ended in the green without BHPâ€™s share price slump.
The ASX suffered its worst daily fall in almost two months â€“ but the steep dip was bound to happen after a stellar run.
The ASX closed firmly in the red after ending last week at fresh record highs, with banks and energy stocks among the big weights.
A Perth company is rumoured to be in a $40 billion merger with a competitor, so that it can keep up its top spot in the sector.
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