Australia…1 Hour In…ASX Up 70 Points

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 70 points (1%) to 6631.

– Brickworks (+1.9%); said its Australian building products 1Q business was “well up on last year” but its North American operations were weaker because of the Covid-19 pandemic.
– Mayne Pharma (-1.4%); revenue -9% in FY21 so far.
– NextDC (+1%); lifts its debt facilities by $350m to $1.85bn.
– Prospa (+3.6%); AGM today.
– South32 (+1.3%); said it will sell a package of minerals royalties to Elemental Royalties Corp in exchange for $40m in cash and $15m in Elemental shares.
– Travel stocks; the NSW – Qld border will officially reopen next week. CTD +1.9% FLT +0.5% QAN +3.4% REX +1.6% WEB +4%

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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