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ASX 200 (XJO) 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) rose by 0.26% on Tuesday.
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.26% on Tuesday.

Australian Dollar ($A) (AUDUSD): 68.67US cents

Dow Jones (DJI): up 0.13%

Oil (WTI): $US58.83 per barrel

Gold: $US1,501 per ounce

ASX Sharemarket News

In ASX sharemarket news, LiveTiles Ltd (ASX: LVT) has entered into a trading halt to raise some money.

LiveTiles has requested a trading halt to carry out a capital raising involving issuing shares to ‘institutional and sophisticated’ investors.

The trading halt will end either on Friday, 20 September 2019 or on the release of an announcement by the company explaining what the purpose of the capital raising is.

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Keytone Dairy Corporation Ltd (ASX: KTD) has announced it has entered into a binding agreement to acquire the assets, brands and business of 40Forty Foods which trades under the Super Cubes brand.

According to Keytone, Super Cubes is a premium Australian consumer lifestyle health and wellness brand, apparently the first of its kind in the marketplace.

Super Cubes is sold in Woolworths Group Ltd (ASX: WOW) supermarkets, 400 independent supermarkets and it has an online presence.

In FY19, the first full 12 months of trading, Super Cubes achieved sales of $650,000 with large distribution and sales only achieved in the last quarter of FY19.

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Kathmandu Holdings Ltd (ASX: KMD) has reported its FY19 result to investors.

Revenue grew by 9.7% to NZ$545.6 million, EBITDA (click here to learn what EBITDA means) increased by 10.9% to NZ$99.6 million and net profit grew by 13.6% to NZ$57.6 million.

Kathmandu’s Board declared a final dividend of NZ12 cents per share, bringing the full year dividend to NZ16 cents for shareholders.

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