The ASX 200 Ended Lower

The S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and All Ordinaries (INDEXASX:XAO) (^AORD) ended lower Tuesday.

The All Ordinaries (INDEXASX: XAO)(^AORD) and S&P/ASX 200 (INDEXASX: XJO) (^AXJO) ended lower on Tuesday, despite some promising market updates.

All Ordinaries: down 0.4% at 6,040 points

ASX 200: down 0.4% at 5,936 points

All Ordinaries Movers

  • Flight Centre Travel Group Ltd (ASX: FLT) – up 1.9%
  • Ramsay Health Care Ltd (ASX: RHC) – up 1.2%
  • Fairfax Media Limited (ASX: FXJ) – up 4.3%

All Ordinaries Losers

  • Bingo Industries Ltd (ASX: BIN) – down 5.9%
  • TPG Telecom Ltd (ASX: TPM) – down 4.6%
  • South32 Ltd (ASX: S32) – down 2.9%

Australian Investing News

Making ASX news today, TPG Telecom Ltd (ASX: TPM) reported its half-year report to the market. The $5.7 billion telecommunications business reported a 1% rise in half-year revenue to $1.25 billion, an 11% fall in profit to $199 million, and increased its full-year outlook. TPG pointed to falling profit margins, a worse result from iiNet’s fixed voice services and increased electricity prices.

Read more here.

New Hope Corporation Ltd (ASX: NHC), the mining business, reported a jump in revenue for its half-year with a 69% increase in profit. Here’s the news.

Kathmandu Holdings Limited (ASX: KMD) announced that its sales increased by 4% to NZ$205 million with profit up by 23% at $NZ12 million.

Read more about Kathmandu’s half year report here.

Shares of Bingo Industries Ltd were sold lower today. Bingo Industries is a waste management company focused in New South Wales and Victoria. Today, the Queensland Government announced it will reintroduce a levy on “unscrupulous operators” who are using the state as a dumping ground for waste from other states.

Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.

Click here to join The Rask Group’s Investor Club Newsletter Today

 

Hey, you, read this disclaimer: This article contains information only. It is not financial advice. It is no substitute for trusted and licensed financial advice and should not be relied upon. By using our website you agree to our Code of EthicsDisclaimer & Terms of Use and Privacy Policy. Also, don’t forget, past performance is not a reliable indicator of future performance. 

Better investing starts here.

Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best  insights.

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content