The Australian share market has treaded water for another day as six more companies reported their earnings.
Friday,15th February, 2019
The ASX200 index finished up 6.7 points, or 0.11 percent, at 6,066.1 points, while the broader All Ordinaries was up 9 points, or 0.15 percent, at 6,148.6.
The index hasn't moved much all week, closing down 5.3 points amid the mixed earnings reports. Three of the four big banks saw gains, led by ANZ, which was up 1.02 percent, to $26.81. NAB edged one cent lower, to $24.22. Domain shares shot up 21.05 percent to $2.53, a two-month high, as the real estate listing company's $156.4 million first-half loss was better than investors had expected. Whitehaven Coal shares closed down 6.68 percent, to $4.47, after spooking investors with news of lower sales and increased coal production costs.
Other companies reporting earnings were Baby Bunting, which closed down 6.01 percent despite a 28 percent rise in profits; Medibank, which closed 2.9 percent higher; health group Healius, 0.35 percent higher; and Abacus Property Group, down 0.27 percent. Bega Cheese gained 7.38 percent, to $5.09, after the dairy company said it would build a $34 million plant at the Murray Goulburn Koroit factory in western Victoria it bought last year for $250 million. The new plant will be used to extract lactoferrin from milk so it can be used in infant formula and health goods and will make Bega one of the world's largest producers of the specialty protein. Automotive Holdings Group shares skidded 8.15 percent after it said it would recognise a non-cash impairment of $226 million when it reports earnings next week, reflecting soft market conditions in the automotive retail sector.
The Aussie dollar is buying 70.88 US cents, from 71.21 US cents on Thursday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7090||-0.0013||-0.19|
|$A vs GBP||0.5536||
|$A vs EUR||0.6281||-0.0005||-0.08|
|$A vs YEN||78.24||-0.27||-0.34|
|$A vs $NZ||