Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

S&P/ASX 200 To Open Lower, 3 ASX Shares To Watch

The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 1.42% on Tuesday.

Australian Dollar ($A) (AUDUSD): 71.21US cents

Dow Jones (DJI): down 1.22%

Oil (WTI): $US52.57 per barrel

Gold: $US1,285 per ounce

ASX Sharemarket News

In ASX sharemarket news, buy now, pay later company Afterpay Touch Group Ltd (ASX: APT) made its appearance in the Senate inquiry. The payday lending and consumer lending sectors are the ones most under pressure of regulation, with Afterpay demonstrating it was quite different to Zip Co Ltd (ASX: Z1P).

Afterpay repeated its support for ASIC’s review, that buy now pay later providers should come under the jurisdiction but the National Credit Act doesn’t need to be extended to cover.

Afterpay recently revealed that it had grown its underlying sales by 140% to more than $2.2 billion in a recent business developments announcement.

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

Listed investment company (LIC) Bki Investment Co Ltd (ASX: BKI) has announced its half year report to the ASX. The LIC reported that, excluding special dividend income, its net operating profit increased by 12% to $25.5 million, however earnings per share fell 4% to 3.510 cents per share. Its ordinary interim dividend was maintained at 3.625 cents per share.

Including the special dividend income, earnings per share increased 74% to 6.48 cents per share and a special dividend of 1.5 cents per share was declared.

BKI Co-Portfolio Manager Tom Millner said: “BKI received a significant amount of special dividends during the half from Telstra, QUBE Logistics, IAG Insurance, Suncorp and Woolworths.”

Read more:

Is The Domino’s (ASX:DMP) Share Price A Buy?

2 Reasons I’ll Never Buy AMP Limited (AMP) Shares

Why Woodside Petroleum (WPL) Is My Favourite ASX Share

Will The Flight Travel Centre Travel Group (ASX:FLT) Share Price Fly Higher?

 Challenger Ltd (ASX: CGF) has come out with a profit expectations downgrade. The company said that it had been impacted by increased market volatility during the half.

Challenger now expects net profit before tax to be between $545 million to $565 million.

The new Challenger CEO Richard Howes said: “Challenger has a strong track record of success through the cycle, which gives me confidence in our performance over the longer term. We continue to be well placed to take advantage of growth in the retirement income market. 

[ls_content_block id=”14945″ 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