Market Wrap / tough crowd

The S&P/ ASX 200 realised some mild gains this Wednesday, as the banks offset the losses from the materials space. The index closed up 0.25% to 8918 points. Some big moves were observed around today’s results. James Hardie plummeted by 27.8% after forecasting full-year underlying earnings below estimates. It said elevated borrowing costs in the US and tariffs dampen housing market activity and demand for its products. Breville also warned of the reverse effects of tariffs, flagging it will face a significant input cost increase in FY26 and FY27 for US-based sales. Shares dipped 2.2%.And CSL was down a further 2.1% today, after its earnings on Tuesday scared-off investors. Meanwhile Santos’s share price was down 2.5% over the delay in the takeover bid led by Abu Dhabi's national oil company. Santos also deferred its half-year results to next Monday. In the real-estate space, Stockland gained 7% as it set its sights on faster profit growth in the new fiscal year. And Dexus hit guidance, but shed 0.5% with its adjusted funds from operations at $483.9 million dollars, lower than last year.Looking ahead, the FOMC Meeting Minutes are released tonight. Locally tomorrow, Telix, Northern Star Resources and Goodman Group are among company reporting.