Australia…1 hour in… ASX200 up 15

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 15 points (0.2%) to 6989

 

  • A2Milk (+3%); upgraded by 2 brokers this morning.
  • ANZ (-0.1%); ratings agency Fitch has upgraded its outlook on ANZ from negative to stable.
  • Bingo (+8.2%); on speculation that a t/o deal with MIRA is close.
  • Cleanaway (+3.8%); said it expects to acquire two landfills and five transfer stations in Sydney after the assets’ current owner, Suez SA, reached an in-principle agreement to be taken over by Veolia Environnement SA.
  • GPT (-0.1%); said it has no outstanding rental areas from Greensil.
  • IGO (+2.4%) / Regis Resources (TH); has agreed to sell its 30% interest in the Tropicana gold mine to Regis Resources for $903m.
  • Pharmaxis (TH); Trading Halt ahead of capital raising statement.
  • Splitit (+8.3%); partners with UnionPay who have a card network of 9 billion cardholders.
  • Zip Co (+8.8%); 3Q results – revenue +83% yoy, US revenue +188% yoy,  transactions +114% yoy, adds 674,000 US year to date.

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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