Search ASX code:
Generic filters

The S&P/ASX 200 (XJO) today – the news you need

The S&P/ASX 200 (ASX: XJO) is expected to trade down today with the Sydney Futures Exchange pointing to a negative open, following Wall St overnight.

Making investment headlines today is JANUS/IDR UNRESTR (ASX:JHG) (“Janus Henderson”), Nufarm Limited (ASX:NUF) and Selfwealth Ltd (ASX:SWF).

What’s going on in markets?

As Marcus Padley writes, “The computers have well and truly taken over the asylum. The ‘Buyden’ bounce has turned into the ‘Sellden’ fall. How can anyone make rational decisions based on these movements?” To keep reading Marcus’ update, click here.

Video: How the ASX 200 is calculated

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

ASX 200 News Today

1. Janus Henderson

Janus Henderson is a global asset management business headquartered in London, UK. It offers a wide range of financial products to individuals, advisors and institutional investors around the world including in the US, UK and Australia.

It currently manages more than US$325 billion of assets, has more than 2,000 employees worldwide and 28 offices across the globe. This morning, the dual-listed financial company announced it will undertake a $US200 million share buyback program across both its US (NYSE) listed share base and its Australian (ASX) Chess Depositary Interests (CDIs).

2. Nufarm Limited

Nufarm is one of the world’s leading developers and manufacturers of seed and crop protection solutions, helping farmers fight disease, weeds and pests to increase crop yields. With the company’s origins dating back over 100 years, Nufarm has built a global crop protection business with operations in North and South America, Europe, New Zealand and Asia.

In an ASX release today, Nufarm said it had received clearance to sell Nufarm Brazil to Sumitomo from the General-Superintendent of the Administrative Council of Economic Defence (CADE).

This approval will trigger a 15-day review period during which time an appeals panel can ask for a second review. The gross purchase price is $1.188 billion, which Nufarm says it will use to pay down debt.

In other news, Nufarm updated its operating profit (EBITDA) outlook for the first half of its 2020 financial year. The company confirmed its previous guidance of EBITDA between $55 million and $65 million. The impacts of the Brazil sale will be reflected in the financials for the second half of FY20.

3. SelfWealth Ltd

SelfWealth is a Melbourne-based financial services business offering a community of users the ability to access share research and trade shares. The $25 million company this morning updated the market on its performance in February 2020.

The company said it added 2,581 new active traders to its platform, 11% growth in overall active traders. SelfWealth said that trades completed by its 26,000 active traders rose to 42,396 during the month of February, up 29% on the previous month.

Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW or entering your email below.

Note: the report is 100% free.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW.

Note: the report is 100% free.

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.

Keep reading:

Rask Media’s Ultimate BNPL Sector Report

Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Or is BNPL a ticking time bomb? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. 

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

Enter your email below to access this report for free, including the names, ticker codes and analysis.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.