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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) went up by 0.33% on Wednesday.

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.33% on Wednesday.

Australian Dollar ($A) (AUDUSD): 69.02US cents

Dow Jones (DJI): up 0.43%

Oil (WTI): $US54.94 per barrel

Gold: $US1,495 per ounce

ASX Sharemarket News

In ASX sharemarket news, ANZ (ASX: ANZ) reported its FY19 result.

ANZ said that its cash profit (with the businesses it continues to operate) was flat at $6.47 billion, but cash profit per share (EPS) grew by 2% to 227.6 cents. However, statutory net profit fell by 7% to $5.95 billion.

For investors wondering about the dividend, the final dividend was maintained at $0.80 per share, bringing the full year dividend to $1.60 per share. But the franking amount was reduced to 70%.

The net interest margin (NIM) dropped to 1.72% at the end of the second half, although the underlying NIM was 1.75%. Either way, it was a declined from 1.8% at the end of the first half.

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Bubs (ASX: BUB) has given its first quarter of FY20 sales update this morning.

The infant formula company said that Q1 sales revenue increased by 58% to $14.21 million. China direct export sales grew by 113% compared to the first quarter of FY19 and up 46% compared to the previous quarter. This was helped by the partnerships with Beingmate and Alibaba.

International market revenue grew by 973% and represented 8% of gross sales for the quarter.

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Resolute Mining (ASX: RSG) has given its quarterly activities report.

The gold miner said that it produced 103,201 ounces of gold at an all-in sustaining cost (AISC) of US$1202 per ounce.

Its guidance for FY19 is maintained at 400,000 ounces with AISC changed to US$1,020 per ounce.

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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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