S&P/ASX 200 Tipped To Rise

The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open higher on Friday.

The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open higher Friday morning, according to the Sydney Futures Exchange.

Here’s what you need to know:

  • SFE ASX 200 futures: +20
  • Australian Dollar ($A) (AUDUSD): 79.43 US cents
  • Dow Jones: up 1.2%
  • Oil (WTI): $US61.41 per barrel
  • Gold: $US1,356 per ounce

Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed up 1.5% and 2.5%, respectively.

Australian Investing News

Making news today is iSelect Limited (ASX: ISU), the comparison website operator. During iSelect’s most recent half-year the company reported a 7% increase in operating revenue and a profit of $478,00, down 81%. On an underlying basis, profit rose 9%.

Primary Healthcare Limited (ASX: PRY) reported a 6% jump in half year revenue and 5% growth in profit, compared to the prior corresponding period.

Private health insurer Medibank Private Ltd (ASX: MPL) released its half year report, showing a 2% rise in income and a 6% improvement in profit. A fully franked dividend of 5.5 cents per share was also declared.

Finally, Auckland International Airport (ASX: AIA) announced a 7% increase in revenue and a 17% rise in profit for its most recent half year period.

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