Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

ASX 200 To Open Higher, 3 ASX Shares To Watch

The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down by 0.16% on Wednesday.

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down by 0.16% on Wednesday.

Australian Dollar ($A) (AUDUSD): 69.92US cents

Dow Jones (DJI): up 0.01%

Oil (WTI): $US61.95 per barrel

Gold: $US1,282 per ounce

ASX Sharemarket News

In ASX sharemarket news, TPG Telecom Ltd (ASX: TPM) shares are likely to react further to the news that the ACCC rejects the idea of a merger between TPG and Hutchison Telecommunications (Aus) Ltd (ASX: HTA).

The ACCC Chairman Rod Sims said: “TPG is the best prospect Australia has for a new mobile network operator to enter the market, and this is likely the last chance we have for stronger competition in the supply of mobile services.”

However, TPG does not see this as the end, it (and Vodafone Hutchison) will challenge it in the Federal Court of Australia.

TPG Executive Chairman David Teoh said: “A combination of our companies would create a new, vigorous and vibrant competitive force. Left unchallenged, this decision will only serve to further entrench the enormous power of Telstra and Optus.”

[ls_content_block id=”15758″ para=”paragraphs”]

Commercial explosives business Orica Ltd (ASX: ORI) has announced its half year result.

Orica’s revenue grew by 12% to $2.82 billion and EBIT increased by 20% to $301.1 million (click here to learn what EBIT means).

Net profit before significant items grew 35% to $166.7 million and statutory net profit exploded 114% higher to $32.9 million. The Orica dividend was increased by 10% to 22 cents per share.

Popular Stories:

Graincorp Ltd (ASX: GNC) has also reported its half year result to the market.

It reported underlying EBITDA of $27 million, down from $119 million, and an underlying net loss after tax of $48 million – last year it reported a net profit of $36 million (click here to learn what EBITDA means).

[ls_content_block id=”14945″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

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

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content