The H1 consolidated net profit after minority interest of Acrowmisr (ASX:ACRO) soared to EGP 235.8 million from EGP 54.3 million the previous year.

Likewise, the company recorded a H1 consolidated revenue of EGP 1.02 billion, an increase from EGP 749.7 million from the year before.

The board of Acrowmisr (ASX:ACRO) gave the green light to the constitution of a limited liability entity in Australia.

This establishment will witness the company owning a 95% share in the new company’s capital.

In contrast, the board approved the termination and closure of Acrowmisr Muscat.

Acrowmisr is a company known for its manufacturing of metallic scaffoldings and frameworks.

Shares of the Australian iron ore miner and producer, Fenix Resources (ASX:FEX), decreased by 2.2% to A$0.225.

This marks its largest intraday percentage fall since September 22.

Fenix Resources signed a binding agreement with Terra Mining and Extension Hill to sell their assets.

They also added that the transfer of assets is at a consideration of up to A$2 million.

This agreement also covers the transfer of Fenix Resources' rights, obligations, assets and liabilities of the decommissioned Extension Hill hematite operation from its unit, Fenix Extension Hill, to the buyers.

With the day’s losses included, this year the stock has decreased by a total of 4.2%.

Fenix Resources is an Australian-based mining company that specializes in the production and distribution of iron ore.

Shares of Energy One (ASX:EOL) have risen as much as 2.9% to A$5.40, recording their highest level since early September.

The company has shone with the largest intraday jump since the middle of September.

The software supplier reassured stakeholders after finding no evidence of malicious activity on their customer systems following a cyber incident identified last month.

The company made clear their notification process is well underway for employees whose personal information had been compromised earlier.

As of the last closing, Energy One (ASX:EOL) has climbed up 17.5% year-to-date.

Energy One is a supplier of software solutions to the energy market.

Australian critical metals producer, Queensland Pacific (ASX:QPM), experienced a significant increase in its shares, soaring as much as 9.7% to A$0.068.

This is the highest level the shares have reached since Sept.

The company announced that its unit, QPM Energy, had received approval from the Queensland State Government under the Environment Protection & Biodiversity Conservation Act (ECBC).

This series of approvals specifically pertains to what is being called ‘Northern Hub’, located 43 km north of the company’s Moranbah Project in Eastern Australia.

In addition to these major approvals, Queensland Pacific (ASX:QPM) also met all native title requirements for the Northern Hub.

The ECBC approval enables the company to develop infrastructure that will allow for the collection of waste gas from coal mines located north of their existing operations and to connect these into the North Queensland Gas Pipeline.

Despite this surge, the company’s stock is still down 43.6% YTD, as of the last close.

Queensland Pacific (ASX:QPM) is an Australian-based critical metals producer.

Shares of Australia’s Star Entertainment (ASX:SGR) have plummeted 13.5% this week, potentially marking their worst week since February 17 if the losses persist.

The casino operator saw a record low this Wednesday as it resumed trading following its announcement of plans to raise A$750 million to undergo capital restructuring.

The company intends to raise the capital at 60 Australian cents per share, a 20% discount to the stock’s closing price from last Friday.

Star Entertainment’s stock rose marginally by 0.4% to A$0.6025.

As of its last closing, the stock has seen a heavy decline of approximately 60% Year to Date.

Star Entertainment is a leading casino operator in Australia.

The Australian technology sector, including companies such as Xero (ASX:XRO) and Block (ASX:SQ2), is poised to experience its steepest monthly downturn since September 2022.

Much of this downturn contrastingly comes at a time when Wall Street’s own tech stocks are also falling.

The trend follows rhetoric of high interest rates for an extended period from the U.S.

Federal Reserve, resulting in plummeting shares throughout this month.

This month could mark the second consecutive period of decline for tech stocks.

Both Xero and Block’s shares listed on ASX exhibited a revenue drop of 10.4% and 23.4% respectively for this month.

Xero’s present losses could yield it the worst month since September 2022, if the trend persists.

Despite the current negative trend, the overall performance of this sector has yielded a 22.2% rise for this year till the latest closure, contrasting the 0.2% fall seen in the mainstream index.

Xero is a major technology company specializing in cloud-based accounting software.

Shares of the Talga Group (ASX:TLG) surge as much as 4.66%, peaking at A$1.235, marking the most noteworthy gain since September 21.

The company’s stock is setting its sights on the fourth consecutive session of making gains.

The firm, a prominent supplier of battery materials, shared that it has been informed about the submission of appeals by previous appellants against a court decision pertaining to the company’s north Sweden graphite mine.

In its following steps, the Supreme Court will decide whether to grant or reject any party’s appeal.

A substantial number of shares have been traded, approximately 456,093, notably exceeding the 30-day average volume of 669,509 shares.

Despite its recent gains, the company’s stock has seen a decline of 15.7% this year as of the last closed session.

Talga Group is a recognized supplier of battery materials headquartered in Australia.

Shares in the Australian exploration company, Blackstone Minerals (ASX:BSX), have surged as much as 4.2% to A$0.125.

The company has lengthened its partnership with Arca Climate Technologies, with both companies recently signing a Memorandum of Understanding (MOU).

The MOU will explore the potential for carbon capture at the Ta Khoa Project located in the Son La province in Vietnam.

Despite this recent gain, so far this year, the company’s stock has decreased by 11.1% when measured from its last closing price.

Blackstone Minerals is a mineral exploration company focusing on the development of mining projects across various commodities.

XTEK (ASX:XTE) shares experienced an influx today, rising as high as 3.23% to A$0.320, marking the most significant gain since mid-September.

Tracking well, the stock posted its biggest intraday percentage gain since late September, marking the third consecutive session of gains.

The increased stock activity follows the announcement that XTEK, a defense products manufacturer, secured an order worth $3.2 million, or $2.07 million USD, to supply military products to an unidentified international military customer.

206,531 shares changed hands, showing 1.2x the 30-day average volume of 166,568 shares, indicating a surge of interest in the company.

Despite these gains, XTEK’s stock has fallen 49.2% this year, as measured from its last closing price.

XTEK (ASX:XTE) is a prominent defense products manufacturer.

Qantas Airways (ASX:QAN) is struggling with a severe setback, as it experiences a 12.6% drop in its shares for the month.

This is tied to be the most sizeable monthly decline since June 2022, considering the current losses sustain.

In early September, the airline expressed regret after being sued by Australia’s competition regulator over the sale of tickets for cancelled flights.

Additionally, Qantas announced that its long-standing CEO, Alan Joyce, will be accelerating his retirement.

Further exacerbating the situation, on September 15, the competition regulator of Australia suggested denying authorisation for Qantas and China Eastern Airlines to manage passenger and cargo transport operations between Australia and China.

Towards the end of September, it was revealed that Qantas anticipates that elevated fuel prices will lead to an increase of approximately AUD 200 million ($129.12 million) in the airline’s fuel bill for H1 of FY24.

As a result, Qantas has seen a 13.8% decrease in its year-to-date gains as of the most recent closure.

Qantas Airways (ASX:QAN) is an Australian airline, noted as the flag carrier of Australia and its largest by fleet size, international flights, and international destination.