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<WIRE> Australian miners (ASX:RIO) Fall for Fourth Consecutive Day Amid Weak Prices

The Australian miners, such as Rio Tinto (ASX:RIO), have reported a decline as steep as 1.3%, marking their lowest point since mid-September.

A continuing downfall is indicated for the sub-index, with an expected fourth consecutive session of decline.

Prices for iron ore have recently softened, while traders remain on the lookout for further details on China’s commitment to implement more policies that would strengthen its economic recovery.

Heavyweight company Rio Tinto (ASX:RIO) has experienced a slump of 0.5% and BHP Group (ASX:BHP) has reported a 1.1% fall.

Fortescue Metals Group (ASX:FMG) has also seen a decrease in their standing, with a 0.8% decline.

The sub-index has dropped by 2% this year to date.

(Rio Tinto is a multinational mining company, known as one of the largest in the industry.)


<WIRE> Analysts Convey Caution on KMD Brands (ASX:KMD) Due to Unsteady Market Conditions

KMD Brands' ASX shares witnessed an increase of 1.4% at A$0.745.

This followed a 4.5% decline on the previous day after the company announced unsatisfactory results.

The outdoor, lifestyle, and sports retailer from New Zealand reported a drop in August sales by 6.4%.

Additionally, the company’s annual profit showed unimpressive figures.

Macquarie communicates a careful view, reinforced by the poor August sales.

It continues to predict EBITDA margins falling roughly 15% below set targets in mid-term.

Macquarie also lowered the price target to A$0.70 from A$0.90 while maintaining a ‘neutral’ rating.

Concurrently, Morgan Stanley sustains an ‘equal-weight’ rating and retains an A$0.90 price target.

This year, KMD’s shares have decreased around 23% so far.

KMD Brands is an outdoor, lifestyle, and sports retailer based in New Zealand.


<WIRE> Aussie Energy Stocks Hit 8-Week Low on Falling Oil Prices, led by Woodside Energy (ASX:WDS) and Santos (ASX:STO)

Australian energy stocks have registered a notable dip, reaching their lowest level in the past eight weeks.

The energy sub-index saw a slide of 1.3%, registering the lowest level since July 24.

This decline in oil prices comes amid expectations of a U.S.

interest rate hike and ahead of other central banks' guidance on their rate outlooks.

Among those affected, Woodside Energy (ASX:WDS) fell 1.4%, marking the lowest in more than 8 weeks, while shares of Santos (ASX:STO) saw a drop of 1.6%, their lowest since the end of August.

Despite these setbacks, the sub-index has risen 5.3% this year as of its most recent close.

Woodside Energy (ASX:WDS) is a prominent Australian petroleum exploration and production company, while Santos (ASX:STO) is one of the leading independent oil and gas producers in the Asia-Pacific region.



<WIRE> Sunshine Metals (ASX:SHN) Tanks on Discounted Placement

Sunshine Metals (ASX:SHN) shares took a severe hit, falling as much as 17.7% to A$0.014, marking the lowest level since July 4.

The significant drop came after the gold and copper exploration company secured a commitment for a A$3 million placement at an issue price of A$0.014 per share.

This represents a steep discount of 17.6% to the stock’s previous close.

The company stated that the new funds will be utilized to accelerate drilling at the Ravenswood project.

Sunshine Metals' stock has been on a downward trajectory this year, falling 15% up until the last close.

Sunshine Metals (ASX:SHN) is a company focused on exploring for gold and copper.


<WIRE> Redflow (ASX:RFX) Share Value Declines Following Discounted Placement

Redflow (ASX:RFX) shares have fallen by 12.1% and currently stand at A$0.255.

Without a rebound, this would mark the worst day for the company since June 15th owing to this downturn.

The energy solutions provider has recently announced that firm commitments have been received to raise a total additional value of A$6.75 million via a placement.

The issue price of A$0.21 per share is a 27.6% discount compared to the stocks last closing price.

Despite the current losses, the stock is still up by around 35% year-to-date, as of last close.

Redflow is an energy solution provider specializing in advanced energy storage solutions.


<WIRE> New Zealand King Salmon Investments (ASX:NZK) Rejoices Over Half-Yearly Forecast Upgrade

Shares of New Zealand King Salmon Investments (ASX:NZK) are observed rising by 18.4%, making it potentially the best day for the company since April 2022 if the surge subsists.

Placed at NZ$0.225, the salmon supplier is recording this mountainous uptrend following an announced half-yearly net profit of NZ$10.6 million, a sharp contrast to the net loss of NZ$24.5 million endured the previous year.

Additionally, the company revised its FY24 pro-forma EBITDA forecast upwards, now ranging between NZ$23.5 million and NZ$27.5 million, a substantial increase from the prior range of NZ$21 million and NZ$25 million.

Furthermore, NZK stocks have reached their highest point since February 27, even though a 13.6% fall in stocks is reported for the year to date as of the last closing.

Note: New Zealand King Salmon investments is a leading supplier of AKAROA and Ora King premium salmon products.


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<WIRE> BTC Health (ASX:BTC) Hits 10-Month High on Exclusive Distribution Agreement

Share prices for BTC Health have risen by 25% to A$0.045, marking the highest level since November 2022.

This rise came following the announcement by the biotechnology company that its unit signed an exclusive distribution agreement with Micrel Medical Devices S.A.

According to this agreement, BTC Health is granted exclusive sales and distribution rights for Rhythm Evolution infusion pumps in Australia and New Zealand.

Despite this recent surge, the company’s stock price is down 2.7% year-to-date.

BTC Health is a biotechnology company engaged in providing health solutions.


<WIRE> PARKD (ASX:PKD) Shares Rise Following Exclusivity Deal with Fielders Steel

Shares of construction technology company PARKD (ASX:PKD) experienced an uptick of as much as 28.6%, surging to A$0.027, a peak level not seen since Aug 16.

The rise is attributable to an exclusivity agreement signed with Fielders Steel Roofing, a division of BlueScope Steel.

According to PARKD, the agreement revolves around the licencing of the firm’s Metal Deck Support System.

Notably, this marks the company’s most significant intraday percentage gain since June 20.

However, it should be noted that overall, PARKD’s stock has seen a decrease of 4.6% this year, as of the last close.

PARKD is a construction technology company that specializes in the development of innovative parking solutions.



<WIRE> BTC Health Announces Exclusive Distribution Deal with Micrel Medical Devices (ASX:BTC)

BTC Health announces an exclusive distribution contract with Micrel Medical Devices.

BioImpact, a subsidiary of the company, has been granted exclusive sales and distribution rights to Rhythm Evolution infusion pumps in Australia and New Zealand.

The company anticipates the launch of this new product range in financial year 2024.

BTC Health is a leading player in the healthcare sector, with a critical focus on providing high-quality products and services in Australia and New Zealand.