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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Monday, the twenty seventh of May twenty twenty four.

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Speaker 1: I'm sure, alma, every afternoon we've got the five stories

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Speaker 1: that happened today that you need to know about Story

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Speaker 1: number one. The SMPASX two hundred closed up nearly one

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Speaker 1: percent today to seven seven hundred and eighty points, with

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Speaker 1: about three quarters of the stocks ending higher. The property

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Speaker 1: companies led the way, with Goodman Group jumping at two

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Speaker 1: point three percent. The telcos also did well. Telstra was

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Speaker 1: also up two point three percent. Retailers performed strongly, while

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Speaker 1: the energy stocks went backwards. Among the large caps, PHP,

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Speaker 1: Commonwealth Bank and ed West Farmers, Woollies, Coals, ResMed and

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Speaker 1: Zero all jumped more than one percent. Forest Few Metals

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Speaker 1: was the worst performer of the large caps, down one percent,

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Speaker 1: while Woodside, Rio, Aristocrat Leisure and CSL all went backwards.

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Speaker 1: In corporate news, Australian Vintage, the owner of wine brands

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Speaker 1: Mcgwigan and Tempest two, is pursuing a capital raising after

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Speaker 1: large arrival. Accolade Wines temporarily ended merger talk that meant

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Speaker 1: Australian Vintage was in a trading halt. Today, online luxury

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Speaker 1: platform satire ten and a half percent after it rejected

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Speaker 1: allegations in the media that customers purchased counterfeit products from

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Speaker 1: its site. New and Pharmaceuticals rallied sixteen percent after revealing

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Speaker 1: positive trial results for its proposed treatment for Pitt Hopkins

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Speaker 1: syndrome and megaport chair Bevan Slattery has sold a fifteen

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Speaker 1: point nine million dollar block of shares in the tech

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Speaker 1: company he founded. Stockfell two point four percent today. Also

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Speaker 1: should mention Bonza. Its administrators have won two more months

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Speaker 1: to try and find a buyer for the budget carrier

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Speaker 1: after the Federal Court granted an application for the extension.

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Speaker 1: Story number three. Optus has failed in its efforts to

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Speaker 1: keep secret a Deloitte report into the cause of a

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Speaker 1: major cyber attack in twenty twenty two, meaning class action

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Speaker 1: lawyers Slater and Gordon will get access to the document.

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Speaker 1: The decision of the Full Court of the Federal Court

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Speaker 1: is a win for Slater and Gordon, the law firm

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Speaker 1: pursuing a class action against Optics alleging the company failed

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Speaker 1: protect its customers personal information. The report won't be publicly released,

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Speaker 1: though some of its content is likely to come out

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Speaker 1: through the class action proceedings. Last week, the Australian Communications

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Speaker 1: and Media Authority filed its own lawsuit, but also alleges

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Speaker 1: Optice failed to protect the confidentiality of personally identifiable information

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Speaker 1: of its customers. Optics is defending both the class action

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Speaker 1: and the ACMA lawsuit. Story number four. Pathology group Helius

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Speaker 1: will sell its Loomis Imaging business, which analysts say could

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Speaker 1: be worth six hundred and fifty million dollars. Helius wants

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Speaker 1: to focus on its core pathology business that that is

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Speaker 1: the second largest pathology business in the country, running two

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Speaker 1: thousand collection centers and one hundred testing laboratories. The Loomis

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Speaker 1: business provides X rays, ultrasounds, MRI and CT scans, as

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Speaker 1: well as memograms. CEO Paul Anderson said after considering a

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Speaker 1: range of options, sale was agreed upon to reduce complexity

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Speaker 1: in the company's operations and Story number five. AID trucks

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Speaker 1: from Egypt entered the Gaza Strip overnight under a new

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Speaker 1: US broken agreement to reopen a corridor for a humanitarian relief.

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Speaker 1: Egypt had blocked AID from entering the Enclay vir Its

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Speaker 1: territory since israel seizure of the Rafa Crossing, which provides

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Speaker 1: access to southern Gaza in early May. The two sides

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Speaker 1: have traded blame over that crossing closure, even as aid

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Speaker 1: has piled up on the Egyptian side. According to The

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Speaker 1: New York Times, after US pressure, Egypt agreed to divert

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Speaker 1: trucks through the Israeli controlled Keramit Shalom crossing, which is

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Speaker 1: roughly three kilometers from the Rafa Crossing, as a temporary measure.

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Speaker 1: Some one hundred and twenty six trucks from Egypt containing food,

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Speaker 1: fuel and other necessities then entered the Gaza strip. It

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Speaker 1: comes as dozens of Palestinians a feared dead or wounded

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Speaker 1: after Israeli strikes hit a camp for the displaced in

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Speaker 1: northwestern Rafa. That's it for the afternoon report for Monday,

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Speaker 1: the twenty seventh of May twenty twenty four. Michael Thompson

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Speaker 1: and I will be back tomorrow morning with a Tuesday

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Speaker 1: edition of Fear and Greed Business News. I'm Sean Elmer.

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Speaker 1: Joey Your evening