Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Australian Shares Extend Gains as BHP Reveals Record Dividend

Stock Markets Aug 16, 2022 11:12
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
AXJO
-1.23%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AUS200
-0.39%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CIA
+0.42%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VEA
+0.38%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BHP
+0.92%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
FMG
+0.24%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Oliver Gray 

Investing.com - The S&P/ASX 200 added 61 points or 0.9% to 7,125.3 after the first hour of Tuesday’s trade, extending gains of 0.5% in the previous session as market sentiment was boosted amid strong financial results from major companies ahead of the release of the RBA's latest meeting minutes.

ASX 200 Futures were pointing 0.5% higher.

Among stocks, BHP Group Ltd (ASX:BHP) lifted 3.8% after announcing a record dividend after the second-biggest profit in the company’s history, while Rio Tinto Ltd (ASX:RIO) dipped 0.4%, Fortescue Metals Group Ltd (ASX:FMG) lost 0.3% and Champion Iron Ltd (ASX:CIA) fell 3.6%.

James Hardie Industries PLC (ASX:JHX) fell 1.8% after reducing its 2023 profit guidance to between $US730 million and $US780 million.

Growthpoint Properties Australia (ASX:GOZ) lifted 0.8% after announcing a 17% decline in statutory profits, while Challenger Ltd (ASX:CGF) shed 10.4% after reporting a 57% fall in net profits after tax amid ongoing market volatility.

Energy led the declines, down 1.2% as Woodside Energy Ltd (ASX:WDS) fell 1.2%, Santos Ltd (ASX:STO) dipped 0.6%, Beach Energy Ltd (ASX:BPT) lost 4.6% and Viva Energy Group Ltd (ASX:VEA) fell 0.7%.

On the economic front, investors will be closely monitoring upcoming meeting minutes from the Reserve Bank of Australia .

On the bond markets, Australia 10-Year rates were at 3.27% while United States 10-Year yields were at 2.79%.

In New Zealand, the NZX 50 was up 0.4% to 11,832.3.

Australian Shares Extend Gains as BHP Reveals Record Dividend
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email