October 12, 2021

Australia… One Hour In… ASX200 up 25

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 25 points (0.3%) to 7325.

AMP (+2.2%); said the operational separation and demerger of Private Markets remains on track to complete in 1H22.
Bank of Queensland (-0.2%); report tomorrow.
CSL (+1%); AGM today. Seeing modest growth but leaves outlook unchanged due to covid impact on plasma collections.
Newcrest (+1.9%); said it will progress to feasibility stage studies on four growth projects that will materially cut costs.
Telstra (+0.1%); AGM today. Have maintained FY22 guidance , confident of underlying growth.
Westpac (-0.5%); flagged a hit of $1.3bn to FY21 profit due to a range of notable items.

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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