ANZ (ASX:ANZ) announce Chairman: Aus shares close 0.2% higher

27Aug

ANZ (ASX:ANZ) announce Chairman: Aus shares close 0.2% higher

 

The Australian share market rose at the open closing 0.2 per cent up at the end of trade. Bega Cheese (ASX:BGA), lead the top 200 gains at for the session and Appen (ASX:APX) led the losses for the day.

The S&P/ASX200 index

At the closing bell the S&P/ASX 200 index closed 10 points higher to finish at 6,126.

Futures market

Dow futures are suggesting a fall of 63 points.
S&P 500 futures are eyeing a dip of 8 points.
The Nasdaq futures are eyeing a fall of 41 points.
And the ASX200 futures are eyeing a 15 point rise tomorrow morning.

Looking at some headlines from today's newsroom:

ANZ (ASX:ANZ) announced Paul O’Sullivan will succeed David Gonski as the Group’s Chairman at the finalisation of the full year results on 28 October 2020.

Centuria Industrial REIT (ASX:CIP) has expanded it’s portfolio, acquiring two industrial properties for a total of $32.5 million in Melbourne and Queensland.

Ardent Leisure Group (ASX:ALG) has reported the company’s total revenue fell 17.6 per cent to $398.3 million due to the temporary closure of Main Event centres and Theme Parks in response to the pandemic’s restrictions.

Starpharma (ASX:SPL) has reported their revenue is up 142 per cent to $6.56 million. The increase in revenue reflects the AstraZeneca $4.3 million development milestone.

Best and worst performers of the day

The best performing sector was Materials adding 1.2 per cent while the worst performing sector was Utilities shedding 1.7 per cent.

The best performing stock in the S&P/ASX 200 was Bega Cheese(ASX:BGA), rising 7.8 per cent to close at $5.24. Shares in Challenger (ASX:CGF) and Steadfast (ASX:SDF) followed.

The worst performing stock in the S&P/ASX 200 was Appen(ASX:APX), dropping 11.2 per cent to close at $38.65 cents. Shares in Link Administration Holdings (ASX:LNK) and Whitehaven Coal (ASX:WHC) followed lower.

Asian markets

Japan’s Nikkei has lost 0.4 per cent, Hong Kong’s Hang Seng also lost 0.8 per cent and the Shanghai Composite is 0.4 per cent up.

Commodities and the dollar

Gold is trading at US$1,939 an ounce.
Iron ore price added 1 per cent to US$124.20.
Iron ore futures are pointing to a fall of 0.4 per cent.
Light crude is US$0.01 down at US$43.99 a barrel.
One Australian dollar is buying 72.36 US cents.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

05Oct

Bear market bounce, as Musk revives his bid for Twitter

05 Oct 2022 - Stocks surged Tuesday as Wall Street built on a sharp rally seen in the previous session as bond yields continued to fall. The rally was broad based with 97% of the S&P 500 up for the third time in 5 days.

Read More
31Mar

Virgin Australia (ASX:VAH) enters trading halt: Aus shares 2.8% higher at noon

31 Mar 2020 - The Australian share market opened higher again this morning and is now trading 2.8 per cent higher. Virgin Australia (ASX:VAH) has gone into a trading halt as it seeks financial support from the Federal Government.

Read More
23Apr

Clinuvel Pharmaceuticals (ASX:CUV) launches Scenesse: Aus shares 0.5% higher at noon

23 Apr 2020 - The Australian share market opened higher again this morning and is now trading 0.5 per cent higher at noon. Clinuvel Pharmaceuticals (ASX:CUV) has launched its Scenesse peptide in the People's Republic of China.

Read More
08Jan

ASX200 regains Feb 2020 levels: ASX shares close 0.7% higher over week

08 Jan 2021 - The ASX200 opened lower but advanced over the session to end 0.7 per cent higher today. The index is sitting at a level we haven’t seen since late February 2020, before the impacts of Covid wreaked havoc on the market. Oil and gas explorer, FAR (ASX:FAR) has postponed its shareholder meeting which was scheduled to consider Woodside Energy’s offer to buy its interest in the RSSD project in Senegal. The postponement was made to allow...

Read More
25Sep

Afternoon update: ASX down 0.18%, Tech standouts, Asian markets mixed

25 Sep 2023 - The S&P/ASX 200 is trading 0.18 per cent lower at 7,056.20.

Read More
16Jul

Dow hits new record as rotation into smaller companies continues

16 Jul 2024 - Markets continued their move upwards with the Dow Jones hitting a new record following the assassination attempt on former President Donald Trump, as investors took the view that the weekend’s political events will lead to big gains for the Republican Presidential candidate and the GOP at the polls in November.

Read More
01Sep

Wall St lower, South Korea bans Apple & Google payments, Morgans’ view on Fortescue: ASX to fall

01 Sep 2021 - A mixed close around the globe as investors reacted to lower-than-expected economic data. A deep dive into what it could mean for Apple & Google after South Korean bans App payment monopolies. Why Fortescue Metals (ASX:FMG) is a reduce as per Morgan Stanley. Recap of GDP figures to prepare for the report today.

Read More
24Jun

Nvidia pull back weighs on broader market

24 Jun 2024 - The broader market index drifted lower on Friday as the recent Nvidia led rally finally looks to have run out of momentum.

Read More
19Mar

KGL Resources (ASX:KGL) raises $21.57M: Aus shares shed 0.9% over week

19 Mar 2021 - Australian shares fell at the open following negative leads from the US overnight. They continued to sink in early trade. The market managed to shrug off weaker than expected preliminary retail trade data and staged a valiant attempt at a recovery in the second half of the session. But this wasn’t enough to move the S&P/ASX200 into positive territory. At the closing bell the S&P/ASX 200 index closed 0.6 per cent or 38 points lower...

Read More
18Nov

Energy stocks disconnect from falling oil price: More high profile crypto casualties announced

18 Nov 2022 - Overnight oil stocks continued to show a clear disconnect from the commodity they track. The energy sector is reporting the greatest increase in net profit margins compared to its 5-year average. Whereas oil and gas prices have declined from recent highs, capital management initiatives like increased dividends and share buy backs has led the sector to outperform the broader market.

Read More