Australia’s S&P/ASX 200 (INDEXASX: XJO) (ASX: XJO) ended lower on Thursday with shares of Rio Tinto Limited (ASX: RIO) and Woolworths Group Ltd (ASX: WOW) weighing on the ASX.
All Ordinaries: down 0.7% at 6,075 points
ASX 200: down 0.7% at 5,973 points
Biggest Gainers
- Yancoal Australia Ltd (ASX: YAL) – up 3.2%
- Crown Resorts Ltd (ASX: CWN) – up 1.2%
- Altium Ltd (ASX: ALU) – up 2.9%
Biggest Losers
- Platinum Asset Management Limited (ASX: PTM) – down 1.6%
- Oil Search Limited (ASX: OSH) – down 4.5%
- Bendigo & Adelaide Bank Ltd (ASX: BEN) – down 0.9%
Shares of Rio Tinto Limited, Australia’s second-largest mining company after BHP Billiton Limited (ASX: BHP), fell more than 4% today after its shares went ‘ex-dividend’. The ex-dividend date is typically one day before the record date, which is the date the company determines who the shareholders are and how much they will receive in dividends. You can read more here.
Outside of the Australian share market, data from property specialists CoreLogic suggests house prices in Melbourne and Sydney fell slightly in February. According to the CoreLogic Home Value Index results out today, most of the capital cities of Australia experienced a slight fall in value in February. Read more here.
Finally, shares of Orica Ltd (ASX: ORI) fell 3.5% today, according to Google Finance. Earlier today, Orica provided an outlook update and trading review of its operations to the ASX saying: “While growth in demand for ammonium nitrate has continued in the first half of the year, particularly across the Australia Pacific Asia region, several factors will result in reduced EBIT for the first half.”
Plant maintenance, construction quality issues and mine interruptions would hurt first half results meaning the full-year result would be skewed to the second half.
Join Rask’s Investor Club Newsletter Today
You can join Rask’s FREE investor’s club newsletter today for all of the latest news and education on investing. Join today – it doesn’t cost a thing. BUT, you’ll need a good sense of humour and a willingness to learn.
Keep Reading
- Amazon.com, Inc – More Than A Global Retail Player
- Are Aussie House Prices On The Slide?
- Rio Shares Fall 4% on Dividend Date
Disclaimer: This article contains general information only. It is no substitute for licensed financial advice and should not be relied upon. By using our website you agree to our Disclaimer & Terms of Use and Privacy Policy.
