The Australian stock market continues to show resilience amid a week of relatively slow company announcements. While some companies have posted strong earnings updates, others are facing legal challenges. Here’s everything you need to know about the ASX today.

Key ASX Stock Market Updates

Biome (ASX: BIO) Reports Strong Revenue Growth

Biome has announced a 41% increase in revenue for Q3 FY25, reaching $4.5 million. The company also expects to deliver another quarter of positive EBITDA, signaling sustained profitability. This strong performance suggests continued operational efficiency and growth momentum for the company.

MinRes (ASX: MIN) Faces Class Action Lawsuit

Mineral Resources (MinRes) and its Managing Director Chris Ellison have been served with a class action proceeding, filed on March 31. Investors will be closely watching how this legal challenge unfolds and whether it impacts MinRes’ stock performance in the coming weeks.

Southern Cross Electrical (ASX: SXE) Completes Force Fire Acquisition

Southern Cross Electrical (SXE) has successfully completed the previously announced acquisition of Force Fire. The company has also reaffirmed its FY25 EBITDA guidance of $53 million, showcasing confidence in its growth outlook and financial stability.

Market Overview: What to Watch Today

ASX 200 Gains, But Challenges Remain

The ASX 200 index rallied 1.04% on Tuesday, recovering some ground but still down 0.7% for the week. The index remains below its 20-day moving average, suggesting potential volatility. Growth sectors are expected to drive any further gains today.

Tariff Announcement on Thursday

Markets are relatively quiet ahead of a highly anticipated tariff announcement scheduled for Thursday at 7 am. This decision could have a significant impact on market sentiment and stock movements.

Broker Moves & Stock Ratings

• Computershare (ASX: CPU) has been downgraded to Underweight from Neutral by JPMorgan. However, the price target has increased from $34 to $35, reflecting confidence in long-term growth despite near-term headwinds.

Upcoming ASX Dividends & Corporate Actions

Stocks Trading Ex-Dividend

• Wednesday, April 2: ARB Corporation (ARB) – $0.34, Harvey Norman (HVN) – $0.12
• Thursday, April 3: Clime Capital (CAM) – $0.014, Lindsay Australia (LAU) – $0.023, Ridley Corporation (RIC) – $0.048
• Friday, April 4: FFI Holdings (FFI) – $0.10

Companies Paying Dividends Today

Investors in the following companies will receive dividend payouts today:

• Adrad Holdings (ASX: AHL)
• Big River Industries (ASX: BRI)
• Count (ASX: CUP)
• Domino’s Pizza Enterprises (ASX: DMP)
• Humm Group (ASX: HUM)
• Reece (ASX: REH)
• Seek (ASX: SEK)
• Servcorp (ASX: SRV)
• Tower (ASX: TWR)
• Treasury Wine Estates (ASX: TWE)
• Woodside Energy Group (ASX: WDS)
• Worley (ASX: WOR)

New Listing on the ASX

• Marimaca Copper Corp (ASX: MC2) is set to list today at 1:00 pm.

Earnings Reports and AGMs

• No earnings reports or AGMs scheduled for today.

Final Thoughts

Today’s ASX session remains relatively quiet, but key developments such as Biome’s revenue surge, MinRes’ legal challenge, and Southern Cross Electrical’s acquisition are keeping investors engaged. The ASX 200’s performance will be closely watched, particularly with Thursday’s tariff announcement looming.

Investors should also monitor ex-dividend stocks and new listings to identify potential investment opportunities.

Stay tuned for further updates as the market unfolds!

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