Market Close 24 Aug 22: First gain of the week

The Australian sharemarket edged higher by 0.5%, following back-to-back losses around 1%. Gains from energy stocks, miners and banks helped keep the market positive. Domino’s Pizza, Tabcorp, Wisetech, Iluka, Netwealth, Worley, Sonic Health and G8 Education rose after handing down their latest profit results. Telstra fell by 2.4% after trading ex-dividend. Coles lost ground and warned that increasing costs remain a headwind for the group.

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