Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Australian Shares Move Higher, NAB Reports

Published 09/11/2021, 11:19 am
Updated 09/11/2021, 11:20 am
© Reuters.

© Reuters.

By Oliver Gray

Investing.com - The ASX 200 added 15.20 points or 0.20% to 7,467.40 in Tuesday’s morning deals following a flat close in the previous session, with mining companies lifting on stronger commodity prices, as investors continue to digest U.S. earnings reports as well as several local reports and AGMs.

ASX 200 Futures were flat at 7458.5.

Among stocks, National Australia Bank Ltd (ASX:NAB) has doubled its final dividend after reporting soaring full-year cash earnings and a new oil and gas policy. Mining heavyweights lifted with Rio Tinto Ltd (ASX:RIO) up 1.56%, BHP Billiton Ltd (ASX:BHP) adding 2.45% and Fortescue Metals Group Ltd (ASX:FMG) lifting 1.19% as iron ore prices lifted slightly. Gold miners mostly gained as Evolution Mining Ltd (ASX:EVN) added 2.07% and Northern Star Resources Ltd (ASX:NST) gained 1.11%. James Hardie Industries PLC (ASX:JHX) was up 0.07% after reporting record quarterly sales. Meantime, among companies going ex-dividend, CSR Ltd (ASX:CSR) was down 3.64%, while Waterco Ltd (ASX:WAT) dipped 1.16%.

On the bond markets, Australia 10-Year yields were at 1.788% while United States 10-Year rates were at 1.49%.

Investors will also be looking ahead to today’s NAB business confidence release to gauge the strength of Australia’s post-pandemic recovery.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.