ORI was the strongest stock on the main board yesterday rallying +4.7% on a day when almost 15% of the index fell by 5%, the explosives company delivered a strong half-year result with the business enjoying a 25% lift in revenue. Strong commodity prices have understandably pushed up demand and although this tailwind may diminish over the next 12-months, operationally the business is improving across the board which should encourage investors.
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Buy Hold Sell: The best and worst performers of FY25
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Wednesday 30th July – ASX +55pts, MIN, IGO, PLS
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Wednesday 30th July – Dow off -204pts, SPI down -7pts
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MM is mildly bullish ORI
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