Australia…One Hour In…ASX up 33 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 33 points (0.5%) to 6551.

  • AUB (-1.6%); will acquire 360 Underwriting Solutions for $127m.
  • Collins Foods (+4.2%); 1H profit +15%.   Strong result.
  • Domino’s Pizza (+11%); Investor Day.  The co remains positive on the Japanese and German business and double digit growth is still achievable.
  • GPT (-1.9%); has sold 25% stake in 1 Farrer Place, Sydney for $584m.
  • Imugene (+4.2%); first patient dosed in PD1-VAXX clinical trial.
  • Polynovo (+5.6%); to study the effectiveness of NovoSorb in burn patients.
  • Sandfire (+12%); plans to develop the US$259m T3 Motheo copper and silver project in the Kalahari Copper Belt of Botswana.
  • Santos (+0.7%); raised its annual production guidance and said it was targeting lower costs following a strong operating performance in 2020 so far.
  • Westpac (-0.2%); accepts that it needs to work faster to address its shortcomings……….

 

……….don’t forget Reserve Bank Interest Rate decision at 2.30 this afternoon.    Consensus is for no change……

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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