Today's ASX news
ALL ORDINARIES Index Rises, BHP Shares Climb
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.85% at lunch.
July 27, 2018
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.85% at lunch.
BHP Billiton Limited (ASX:BHP) has announced it’s going to sell its US onshore gas and oil assets for a combined US$10.8 billion to BP plc and Merit Energy.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.07% at lunch.
Nine Entertainment Co Holdings Ltd (ASX: NEC) and Fairfax Media Limited (ASX: FXJ) have announced that they are going to merge.
Macquarie Group Ltd (ASX: MQG) shares are down 4.3% in early trade after giving the market a trading update for the first quarter of its financial year and the financial business also announced a new CEO.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Wednesday morning.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.21% at lunch.
Magellan Financial Group Ltd’s (ASX: MFG) CEO, Hamish Douglass, has predicted there’s a possibility that the global share market could see a 30% fall in the next 12 to 18 months.
Telstra Corporation Ltd (ASX: TLS) is Australia’s largest telecommunications business and has just announced a new unlimited mobile plan.
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