March 4, 2021

Australia…One Hour In…ASX200 down 97 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 down 97 points (1.4%) to 6720.

ASX (-4%); ex div 112.4c. Trading down 275c.
BHP (-3%); ex div 129.79c. Trading down 154c.
Blackrock Mining (+7%); FIRB approval received for POSCO equity investment.
CSL (-4.3%); ex div 134.12c. Trading down 1155c.
Downer (); awarded $245m electricity transmission contract.
Jumbo (-3%); ex div 18c. Trading down 41c.
Monadelphous (-4.8%); ex div 24c. Trading down 56c.
Myer (-9%); posted a 76.3% lift in interim profit after a surge in online sales during the pandemic but once restructuring costs, floor closures and brand exits are taken into account, profit was +8.4%.
Perpetual (-3.1%); ex div 84c. Trading down 100c.
QBE (+1.5%); names Andrew Horton as its new CEO.
Rio Tinto (-5.3%); ex div 397.48c. Trading down 691c.
Woolworths (-3.2%); ex div 53c. Trading down 129c.
Xero (-3%); agreed to acquire Copenhagen-based workforce management platform Planday for 183.5m euros (A$284.5m).

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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