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ASX200 A.M Wrap 24 August 208

Posted by Billy Macris on 24-Aug-2018 13:03:46

In our local market the ASX200 is trading at 6253.50 up 9.13 points or +0.15% as currently the Health Care sector is the best performer +1.22% and Technology shares are proving to be the biggest laggards as the sector is -1.63%. In breaking news, Scott Morrison is to become Australia’s 30th Prime Minister.

It has been quite a busy day as earnings releases again dominated market news as Costa Group shares are down -9% after missing expectations whilst Star Entertainment Group shares are +5% higher following revenue higher by 5.5% y/y at $2.47b. Across some of the larger names, Brambles shares up +5% higher after reports it plans to spin off its fresh food logistics business IFCO RPC and as the logistics company reported 6% growth in revenue for FY18.

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Topics: ASX A.M Wrap