ASX down 0.04% near noon following mixed session on Wall Street

The Australian sharemarket has seen a modest decrease and at 11:35am, the S&P/ASX 200 is 0.04 per cent lower at 8,080.90, following a mixed session on Wall Street where investors weighed earnings reports from major Australian companies. Despite declines in six of the index’s 11 sectors, significant gains in energy and mining stocks, fuelled by a spike in oil and iron ore prices, helped offset losses. Key performers included Woodside, BHP, and Coles, each reporting stronger-than-expected results, while the biggest decliners were Johns Lyng Group, Lovisa, and Zip, each facing setbacks despite varying financial outcomes. Other notable movements included a decline in Guzman y Gomez shares due to deeper fiscal losses and a rise in Austal shares following the resolution of accounting issues.