Australia…One Hour In…ASX200 down 36 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 down 36 points (0.5%) to 6730.

 

  • AGL (+0.4%); AGL and Mercury NZ have joined to buy wind farm operator Tilt Renewables for A$2.1bn
  • Droneshield (+6%); has received a $1m order from a high profile Government customer from a Five Eyes country.   (what’s a Five Eyes country?)
  • Emerge Gaming (+11%); has banked further cash receipts of $4.5m from subscriptions and said there continues to be strong daily growth in subscriptions.
  • Evolution (+2.8%); said it will acquire Canada’s Battle North Gold Corp for roughly US$275m.
  • Fortescue (-4%); said it will aim to be carbon neutral by 2030, a decade ahead of an earlier target.
  • Openpay (-0.8%); said it has entered into the hospital segment via a partnership with St John of God Health Care, allowing patients to spread their hospital costs for elective surgery procedures across plans ranging from two to 12 months.
  • Qantas (+0.9%); upgraded by a few brokers this morning.

 

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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