Telstra is taking its business in a new direction, choosing to focus on infrastructure as the AI era continues to drive business.

MARKET WRAP:

• ASX200: up 0.56% to 8,407
• GOLD: $3,342 US/oz
• BITCOIN: $170,130 AUD
• Commonwealth Bank again edged towards another record high at $175.34.
• Neuren Pharmaceuticals rose 4.5% to $14.05 after an AGM speech.
• Aristocrat gained 1.9%, Wisetch was 2.2% higher, and Brambles was up by 3%.
• REA slid 3.5% after it was confirmed that the ACCC was in the early stages of a probe
• Dropping by more than 1% was Evolution Mining, Bluescope Steel and Mirvac.

CURRENCY UPDATE:

• AUD/USD: 64.5 US cents
• AUD/GBP: 47.6 pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 92 Japanese yen
• AUD/NZD: 1.08 NZ dollars