ASX 200 falls, Metcash down, 4DMedical drops

Metcash's trading update was a highlight from the ASX 200 today.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) fell 0.1% today to 7,527 points.

Here are some of the highlights from the ASX:

share price dipping

Image source: Getty Images

Metcash Limited (ASX: MTS)

Metcash gave an update for the first 16 weeks of FY22 to 15 August 2021. The ASX 200 company said that trading has continued to be strong in all pillars and "well above" pre-COVID levels in FY20.

There were a few drivers of this trading, including more local neighbourhood shopping and consumers moving from the city to regional areas.

Metcash told the market that total food sales increased by 3.1% compared to the same period in FY20, though compared to FY21 food sales were down 7.4%.

Total liquor sales were 23.1% higher compared to the same period in FY20 and 9.5% higher compared to FY21.

The total hardware sales increased 37.8% compared to the same period in FY20 and were 16.3% higher compared with the same period in FY21. Strong demand is continuing to put pressure on stock availability, particularly timber.

Metcash also said that its store networks have improved competitiveness because of its MFuture program which aims to improve the performance of the ASX 200 business.

4DMedical Ltd (ASX: 4DX)

4DMedical announced today that it has successfully completed phase one of its clinical pilot program with Australia's leading medical imaging provider, I-MED Radiology Network.

This pilot provided I-MED radiologists with the ability to use XV lung ventilation analysis software in patient settings to provide insights into patient care.

The company said that the phase one pilot received "overwhelmingly positive" feedback from radiologists and patients.

The software was used on various respiratory diseases, including asthma, chronic obstructive pulmonary disease, bronchiectasis, sarcoidosis, silicosis and long COVID.

Phase two will be completed over the remaining year to assess a potential commercial partnership.

4DMedical said that while the partnership is not generating revenue at this stage, it's aiming to secure a contract with I-MED provided that phase two is successful.

The 4DMedical share price fell by 4% today.

EBOS Group Ltd (ASX: EBO)

The EBOS Group share price edged lower today after announcing that it had completed the purchase of Sentry Medical. This acquisition is a designer, marketer and distributor of a broad range of medical consumable products, including its own brands and agency brands.

Sentry is based in Australia and supplies customers including wholesalers, hospitals, general practitioners, dental surgeries, aged care facilities, pharmacies, government agencies and vet clinics.

EBOS said this acquisition will further strengthen its presence in the distribution of medical consumables to the institutional healthcare market, which is a growing business for EBOS.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ASX Share Market News

Five young people sit in a row having fun and interacting with their mobile phones.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a slightly sour end to the trading week this Friday.

Read more »

Two miners at a mine site on their tablets, with mining machinery behind them.
Share Fallers

Why has the Mineral Resources share price fallen 12% this week?

It’s been another tough week for Mineral Resources shareholders.

Read more »

Graphic depicting Australian economic activity.
ASX Share Market News

ASX 200 slips into the red after a positive start. Here's why

The benchmark index is seesawing again.

Read more »

Happy young couple riding a motorbike together.
Broker Notes

7 ASX 200 shares with reaffirmed buy ratings this week

Brokers retained a positive view on Santos, Zip, AMP, and other shares this week. 

Read more »

Sad man sitting at desk and grabbing his head as he looks at a laptop.
Broker Notes

Downgrade alert! 5 ASX 200 shares downgraded by experts this week

Brokers reduced their ratings on Wisetech, Harvey Norman, Ansell, and other stocks this week. 

Read more »

Woman holding several shopping bags.
Broker Notes

ASX retail shares are down 13% in 2026. Here's what Morgan Stanley is worried about

The sector has fallen hard, and concerns remain.

Read more »

Man looking at digital holograms of graphs, charts, and data.
Broker Notes

Forget Xero shares! Broker tips this top ASX tech stock for 24% gains

This ASX tech stock has rocketed 143% in a year, and a leading broker forecasts another 24% of gains to…

Read more »

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Broker Notes

This ASX nickel miner could jump 57%, Macquarie says

A resumption of dividends could also be on the cards.

Read more »