Two Crown (ASX:CWN) directors resign after inquiry report: ASX closes 0.5% higher

10Feb

Two Crown (ASX:CWN) directors resign after inquiry report: ASX closes 0.5% higher

 

The S&P/ASX 200 Index closed 0.5 per cent higher or 36 points higher at 6,857 points. Zip (ASX:ZIP) shares did well today meanwhile, CIMIC (ASX:CIM) shares fell over 17 per cent. Consumer discretionary is only sector in the red.

Futures

Dow futures are suggesting a rise of 83 points. S&P 500 futures are eyeing a rise of 14 points. The Nasdaq futures are looking at a lift of 59 points. And the SPI futures are eyeing a rise of 36 points.

Local economic news

The Australian Bureau of Statistics released figures for building approvals for December showing seasonally adjusted estimate for total dwellings approved rose 10.9 per cent.

Company news

Two directors have resigned from Crown Resorts (ASX:CWN) following the report which found the company was ‘not suitable’ to hold a casino licence. Guy Jalland and Michael Johnston announced their resignations to shareholders. The company also announced today it has been informed by Non-executive Director John Poynton that his consultancy arrangement with Consolidated Press Holdings has been terminated and, as a result, he is no longer a nominee of CPH on the Crown Board. Shares in Crown Resorts (ASX:CWN) closed 3.4 per cent lower at $9.81.

The Commonwealth Bank of Australia (ASX:CBA) announced a cash profit to $3.9 billion that’s 10.8 per cent down from the last half.

Megaport (ASX:MP1) today reported its first half earnings to 31 December 2020 showing the Company’s revenue was $36 million, an increase of $10.1 million or 39 per cent from the same period.
CIMIC Group (ASX:CIM) today announced its financial result for the 12 months to 31 December 2020 showing statutory NPAT of $620 million.

Best and worst performers

The best-performing sector was information technology rising 3.1 per cent while the sector trailing behind was consumer discretionary dropping 0.4 per cent.
The best performing stock in the S&P/ASX 200 is ZIP Co (ASX:ZIP) close 12.2 per cent higher to $10.70, followed by shares in Megaport (ASX:MP1) and Viva Energy Group (ASX:VEA)
The worst performing stock in the S&P/ASX 200 is CIMIC Group (ASX:CIM) dropping 17.1 per cent to $21.56, followed by shares in Bravura Solutions (ASX:BVS) and Crown Resorts (ASX:CWN).

Asian markets

Japan’s Nikkei is almost flat at 0.01 per cent higher Hong Kong’s Hang Seng is up 1.6 per cent and the Shanghai Composite is 0.99 per cent higher.

Commodities

Gold is trading at US$1,843 an ounce.
Iron ore is 2.2 per cent higher at US$164.10.
Futures are suggesting a rise of 1.4 per cent.
Light crude is 13 cents lower at US$54.39
One Australian dollar is buying 77.36 US cents.

 
Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

30Dec

BOQ raises $89.7M via share purchase plan: Aus shares 0.7% lower at noon

30 Dec 2019 - The Australian share market opened slightly lower this morning and lost ground over the first 2 hours of trade. This comes despite positive leads from US markets. Every sector has made losses this morning with Industrials weighing heaviest on the market. The Bank of Queensland (ASX:BOQ) has successful completed a share purchase plan to raise approximately $89.7 million.

Read More
15Sep

Investors rally behind Wall Street’s latest IPO

15 Sep 2023 - The Dow Jones Industrial Average rallied the most in over a month as traders cheered the revival of Wall Street’s IPO market and a decent batch of economic data.

Read More
22Jul

Inghams (ASX:ING) plant closed after Covid outbreak: ASX closes 1.3% lower

22 Jul 2020 - It has been a negative day of trade for the ASX with the local bourse failing to gain momentum and closing 1.3% lower. Shares in Inghams dropped after reports their Victoria processing plant is in the middle of a Covid outbreak. Shares in Resolute Mining (ASX:RSG) did well today after reporting a 64 per cent increase in Syama Underground gold.

Read More
19Jan

US stocks get whacked following tense earnings reports and retail sales data

19 Jan 2023 - The Dow Jones Industrial average tumbled more than 600 points on Wednesday as investors took profits on some of the strong 2023 January gains and as a disappointing December retail sales reading raised concerns about a recession. Shares of banks led the losses.

Read More
15Apr

Tech sector boosts the market: ASX closed 1.9% higher

14 Apr 2020 - It has been a mostly positive day of trade for the ASX after a small dip in early morning trade the local bourse managed to close 1.9% higher. As for the sectors today Infotech led the day and REITs the only sector to end the day lower. Centuria Industrial REIT (ASX:CIP) has completed a $130 million institutional placement.

Read More
06Jul

Wall St closed, European manufacturing soars to 15-year high, Why Monadelphous is bullish: ASX to rise

06 Jul 2021 - In this report, I cover European markets as Wall St is closed due to Independence Day. There is no data on the major US indexes as government bonds due to this. Stock watch covers why construction engineering company Monadelphous Group (ASX:MND) is bullish. RBA to meet today.

Read More
25Oct

Alphabet, Microsoft post earnings; Bitcoin soars; Albanese boosts critical minerals

25 Oct 2023 - Stocks rose Tuesday as investors focused on a fresh slate of earnings reports. Coca-Cola reported earnings and revenue that topped estimates, sending the stock up 2.8%. Spotify, meanwhile, popped 10% after the audio streaming giant posted third-quarter results that beat expectations.

Read More
29Sep

A2 Milk (ASX:A2M) shares take a tumble: ASX tracking 0.1% higher at noon

29 Sep 2020 - The ASX rose at the open then slumped in mid-morning trade and is now tracking 0.1% higher at noon. Shares in Seven Group Holdings (ASX:SVW) are doing well today as did Janus Henderson Group (ASX:JHG). Shares in the A2 Milk (ASX:A2M) company fell this morning. Jervois Mining (ASX:JRV) has agreed to acquire the São Miguel Paulista nickel and cobalt refinery.

Read More
22Dec

Sandfire (ASX:SFR) makes record copper shipment: Aus shares close 1.1% lower

22 Dec 2020 - The ASX200 opened slightly higher and dropped throughout the day to end 1.1 per cent lower. All of the sectors ended lower except Health Care and Real Estate. Sandfire Resources (ASX:SFR) has completed its largest-ever single shipment of copper concentrate from its DeGrussa operations in Western Australia.

Read More
03Apr

Half-price flights take off today: ASX closed 0.1% higher over the week

01 Apr 2021 - The local share market finished the first day of the month in positive territory building on yesterday's gains. The S&P/ASX 200 index closed 38 points or 0.6% higher to finish at 6,829. Over the week we closed 0.1% or 5 points higher. Gains in technology, materials and utilities offset losses in health care, industrials and consumer staples. Boral (ASX:BLD) rose 6.7% after announcing a buy back offer following the $1.33 billion sale in their USG...

Read More