Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

The ASX 200 (XJO) today – latest news

The S&P/ASX 200 (ASX: XJO) is expected to trade higher today with the Sydney Futures Exchange pointing to a positive open. Right now, the ASX 200 is priced just 0.48% from its 52-week high of 7009.3.

Making investment headlines today is BWP Trust (ASX:BWP), Mirvac Group (ASX:MGR) and Coles Group Ltd (ASX:COL).

Video: How the ASX 200 is calculated

If you need to scrub up on your knowledge of the markets, watch the free video above.

Today’s Headline ASX News

1. BWP Trust

BWP Trust is a real estate investment trust (REIT) which owns buildings that mostly Bunnings Warehouse operates in. Wesfarmers Ltd (ASX: WES) owns the Bunnings business and also has a large stake in BWP Trust. BWP has a core portfolio of over 60 properties with 82% of those properties located in metro areas.

Yesterday, the listed real estate investment trust (REIT) released its half-year financial report to the market, showing a 72% increase in profit. However, adjusting for movements in the unrealised prices of BWP’s properties (i.e. the estimated prices of properties moving higher on paper), the REIT’s profit result was 3% lower. BWP announced a dividend of 9 cents per unit/share.

2. Mirvac Group

Mirvac is a leading Australian property group with approximately $21 billion of assets under management. Operations include both commercial and residential projects, primarily based in Sydney and Melbourne, but also include Brisbane and Perth developments. Mirvac now has 47 years of experience since their establishment in 1972.

The Australian builder released its 2020 half-year financial report today showing revenue of $349 million, up from $326 million reported in the same period a year earlier. Profit fell from $591 million to $546 million.

3. Coles Group Ltd

After 10 years being owned by Wesfarmers, Coles Group was split from the broader Wesfarmers conglomerate (which owns Bunnings Warehouse) in November 2018. Today Coles is one of the largest retailers in the country, serving 21 million customers per week across its supermarkets, Coles Express, Online, Vintage Choice and others.

This morning, Coles provided investors with a trading update ahead of its financial results release on February 18th. Management said it saw 3.6% increase in comparable supermarket store sales in the second quarter. As a result of mostly positive conditions and efficiencies, the supermarket giant now expects to report an operating profit (EBIT) result between $710 million and $730 million.

[ls_content_block id=”14947″ 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