Marcus Today End of Day Report -Monday 16th August
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English - August 16, 2021 06:00 - 13 minutes - 9.04 MB - ★★★★★ - 1 ratingInvesting Business investing finance asx stock market stock broker stocks stock tips shares stock investing share market Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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ASX 200 starts a busy week falling 46 points to 7582. Narrow range again and the market holding up despite obvious CV19 headwinds. Company reports took centre stage. BEN falling 9.9% after results set the stage for the banks with the Big Bank Basket down to $184.78. Materials also in the sellers’ sights as iron ore eased back, BHP off 1.4%, FMG down 1.9% and RIO down 1.6%. Energy stocks under pressure as WPL and BHP revealed they were in talks and STO slipped 3.3% with BPT results once again disappointing. Industrials were mixed. In corporate news, JBH up 2.5% with both revenue and profit higher. BSL up 0.6%, triples its dividend and launches on-market buyback of $500m. GPT up 3.0%, profit jumps as asset values lift. SYD down 0.7%, rejects a revised 845c offer from Aviation Alliance consortium.