April 6, 2021

Australia…1 hour in… ASX200 up 64 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 64 points (0.9%) to 6892

Reserve Bank interest rate decision at 2.30……………anyone expecting a change?

Cleanaway (+10.5%); Suez SA has agreed to sell its Australian business to Cleanaway for $1.9bn.
Incitec Pivot (-7.9%); flagged a knock to earnings of $36m because of further disruptions at its ammonia plant at Waggaman, Louisiana.
Panaramic (+9.2%); to restart the Savannah Nickel operation after securing a deal with Trafigura.
Splitit (+6.5%); is now available on the Google store in Japan. Afterpay +8%

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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