Logo 2016

Increase Font Increase Font

Afternoon (PM) Market Report

The latest batch of coronavirus-hit earnings reports has contributed to the Australian share market's worst session in August.


Thursday, 13th August, 2020

The ASX200 benchmark index closed lower by 41.0 points, or 0.67 percent, at 6091.0 points on Thursday. The All Ordinaries index ended down 33.1 points, or 0.53 percent, at 6223.9.

On the busiest day of the reporting season so far, coronavirus impacts emerged as the dominant theme. AGL and Telstra were among the first to report and both cited virus impacts on profit and outlook. AGL warned of substantially reduced margins in wholesale electricity and gas from COVID-19, while Telstra posted a 14.4 percent fall in annual profit. AGL shares dropped 9.59 percent to $15.36, while Telstra shares fell 8.26 percent to $3.11.

AMP shares finished 10.87 percent higher to $1.53 after the wealth manager declared a special dividend and a $200 million share buyback after its first-half result came in as expected. QBE gained 6.76 percent to $10.74 after its first half net loss was not quite as bad as forecast. Also driving the market lower was a sell-off on banks. The financial sector was down 1.08 percent after it had led gains for three consecutive days. ANZ was down 1.64 percent to $18.54, the Commonwealth lost 2.57 percent to $72.43 following Wednesday's full-year loss, NAB declined 1.48 percent to $18.01 and Westpac dipped 1.32 percent to $17.95.

The Australian dollar was buying 71.63 US cents at 1728 AEST, higher from 71.28 US cents at Wednesday's close.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 6224 -33 -0.53
S&P/ASX 200 6091 -41 -0.67
Currency Close Pts Change % Change 
$A vs $US 0.7161 -0.0003 -0.04
$A vs GBP 0.5479

-0.0012

-0.22
$A vs EUR

0.6055

-0.0016

-0.26

$A vs YEN 76.40 -0.14 -0.19
$A vs $NZ

1.0904

0.0012

0.11