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) fell by 0.04% on Tuesday.

Australian Dollar ($A) (AUDUSD): 69.62US cents

Dow Jones (DJI): down 0.05%

Oil (WTI): $US52.87 per barrel

Gold: $US1,327 per ounce

ASX Sharemarket News

In ASX sharemarket news, global packaging business Amcor Limited (ASX: AMC) has announced that it has completed the acquisition of Bemis, creating the ‘global leader’ in consumer packaging.

The company will now operate as Amcor plc and is now included in both the S&P 500 and the ASX 200.

Amcor CEO Ron Delia said the acquisition was a: “significant milestone as two strong companies with histories each dating back over 150 years look forward to one great future. 

The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor’s industry leading value proposition and generate significant value for shareholders.”

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IT wholesaler business Dicker Data Ltd (ASX: DDR) announced it is launching a new division called ‘Dicker Data Financial Services’.

The idea is to meet the shift from capital expenditure spending to operational spending with growing demand for device as a service (‘DaaS’) and infrastructure as a service (‘IaaS’).

The service will be a monthly payment solution that can be tailored to the customer.

Dicker Data CEO and Chairman David Dicker said: “I’m pleased to bring this unique financing solution to market for our reseller partners. Our success has always been driven by leveraging our in-house expertise and by providing highly differentiated solutions.”

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ASX tech company Appen Ltd (ASX: APX) confirmed that the founder of recent acquisition Figure Eight, Lukas Biewald, has completed the purchase of Appen shares.

He has spent around US$1.5 million buying Appen shares, which was included in the acquisition agreement. The shares will be held in escrow for 24 months after the acquisition date on 2 April 2019.

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At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

Jaz Harrison

Jaz Harrison

Jaz 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.