ASX 200 falls, Metcash down, 4DMedical drops

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

| More on:
share price dipping

Image source: Getty Images

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:

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.

Should you invest $1,000 in 4dmedical Limited right now?

Before you buy 4dmedical Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and 4dmedical Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 7 February 2025

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 Share Market News

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
Broker Notes

These ASX shares could rise 20% to 70%

Let's see why analysts are tipping these shares as buys with big return potential.

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why Appen, Clarity, Qantas, and Resolute shares are pushing higher today

These shares are having a good time on hump day. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Coles, Ioneer, Treasury Wine, and Woolworths shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

Broker looking at the share price on her laptop with green and red points in the background.
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A panel of four judges hold up cards all showing the perfect score of ten out of ten
Broker Notes

Bell Potter names the best ASX 200 stocks to buy in March

The broker is feeling bullish on these names this month. Let's find out why.

Read more »

Couple holding a piggy bank, symbolising superannuation.
Opinions

If I were in my 40s I'd buy these ASX shares

These are two of my favourites for the long-term.

Read more »

An engineer takes a break on a staircase and looks out over a huge open pit coal mine as the sun rises in the background.
Opinions

Is the BHP share price a buy? Here's my view

This mining stock is trading at a low value.

Read more »

A man in trendy clothing sits on a bench in a shopping mall looking at his phone with interest and a surprised look on his face.
Share Market News

5 things to watch on the ASX 200 on Wednesday

Here's what to expect on the local market today.

Read more »