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ASX200 A.M Wrap 23 August 2018

Posted by Billy Macris on 23-Aug-2018 14:09:49

There’s been some drama down under in politics and the markets as the ASX200 is currently trading at 6256.10 with weakness seen in Utilities -2.40% and Financials -1.12% yet the Technology and Telecom sectors of the index are providing some positivity moving higher by +3.55% and +2.30%, respectively. Across the banks WBC -2.58% are the worst performers, but it doesn’t look pretty as NAB -1.46%, CBA -1.71% and ANZ -1.95%.

Across equity markets Afterpay is in a trading halt as the payment provider is looking launch a $110 million capital raising. Santos shares are higher by 9.65% after a positive earnings release along with reports that is to acquire Quadrant Energy for approximately $2.15 billion. Amongst earnings Flight Centre shares are down -9.16% whilst APN Outdoor shares are climbing higher +6.03%.

In currency markets, the Australian dollar has fallen away against the US dollar to 0.7290 from 0.7350 this morning as the political drama continues to dominate news headlines. The EURUSD is trading at 1.1554 and USDJPY is trading at 110.79.

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Topics: ASX A.M Wrap