Australia…One Hour In…ASX Down 7 Points

By Scott Phillips | More Articles by Scott Phillips

ASX200 down 7 points (0.1%) to 6043

…news services saying the French Govt is envisaging a country-wide month-long lockdown from Thursday to combat the ‘rona…..

– ANZ (-1.8%); announced after the bell yesterday that it will take a $528m hit to cash profit when it reports on Thursday. Westpac outlined its new provision on Monday while NAB aired its profit hit last week.
– Afterpay (+5.5%); said its 1Q sales more than doubled yoy as it added 1.3m new customers since the beginning of July. Now has 11.2m active customers, up from 5.7m a year ago.
– Blackmores (+9%); several broker upgrades this morning.
– Clinuvel (+1%); to trial innovative drug for stroke patients.
– Coles (+2.1%); 1Q sales rose 10% with online sales up 57% and liquor sales up 80%.
– Galaxy (+0.2%); said it is on track to achieve FY output target.
– Hub24 (TH); in Trading Halt after announcing a $60m capital raise to fund an acquisition.
– National Storage (-1.3%); AGM today. Said maintains its previous guidance.
– Pilbara (TH); in Trading Halt pending an announcement regarding a potential purchase.
– Sandfire (-1.6%); lowered its cost guidance following a strong start to FY21.
– Steadfast (+6.5%); AGM today. Upgrades profit guidance after “excellent” 1Q performance.
– St Barbara (+1.3%); AGM today. No comments as yet….
– Super Retail (+0.8%); AGM today. No comments as yet….
– Vocus (+0.3%); AGM today. On track to meet FY21 guidance.

Scott Phillips

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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