ASX 200 zig-zags on Thursday as investors await over-50s accomodation company GemLife to go public in 2025's biggest IPO
The index has shed 0.2 per cent in the first 40 minutes of trading with Boss Energy sinking 4.1 per cent, Telix Pharmaceuticals falling 3.7 per cent and Vault Mineral dropping 3.6 cent.
Strong performers on Thursday include Pilbara Minerals (up 10.6 per cent), Whitehaven Coal (up 8.2 per cent) and Helia Group (up 7.9 per cent) which has bounced back after sinking more than 20 per cent on Wednesday after informing shareholders ING was seeking a new mortgage insurance partner.
Investors will watch over-50s accommodation company GemLife's initial public offering.
The business has tapped investors for $750m, exceeding Virgin Australia's $685m it raised from its recent IPO, with shares going for $4.16.
It primarily operates homes across Australia's east coast and is poised to grow as the nation's population ages.
Qantas shares have bounced back 1.1 per cent after it suffered a share price plunge from its cyber attack that put six million of its customers' records at risk.
Domino's has jumped 4.7 per cent after sinking 15 per cent on Wednesday following the abrupt resignation of its chief executive officer.
Wall Street generally grew on Wednesday with the tech heavy Nasdaq rising 0.9 per cent, driven by a boost in Tesla after it revealed better than expected sales along with Nvidia adding 2.6 per cent and Apple rising 2.2 per cent.
The S&P 500 grew half a per cent while the Dow Jones finished flat.
London's FTSE 250 Index sank 1.3 per cent on Wednesday, Germany's DAX rose 0.5 per cent and the STOXX Europe 600 Index added 0.2 per cent.
New Zealand's NZX 50 Index is down half a per cent since trading began on Thursday while Japan's Nikkei 225 has slumped 0.2 per cent.
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