Commsec Daily Report S
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CommSec Daily Report s Mid-Session Report | 23 August 2017 Latest news Latest Prices 12.10pm (AEST) Indices Level Previous % chg The local sharemarket is erasing early gains, with losses All Ords 5,785.7 5,804.8 -0.33 from the big four banks and insurers easily offsetting gains ASX 200 5,729.6 5,750.1 -0.36 in energy and telco stocks. The ASX 200 index is down 0.35 Shanghai 3,291.2 3,290.2 0.00 Japan Nikkei 19,473.2 19,383.8 -0.20 per cent at lunch, with disappointing results from Insurance Australia Group (IAG) pushing its shares down 7 per cent US Nasdaq 6,297.5 6,213.1 1.36 and dragging the other major players lower as well. UK FTSE 7,381.7 7,318.9 0.86 DOW Futures 21,860.0 21,886.0 -0.10 It has been another busy day on the earnings calendar, with more than a dozen companies releasing results. These Sectors Last Previous % chg include A2 Milk (A2M), APA Group (APA), Bega Cheese Consumer Discretionary 2,184.1 2,187.4 -0.15 (BGA), Coca-Cola Amatil (CCL), Charter Hall Group (CHC), Consumer Staples 9,433.5 9,433.2 0.00 Healthscope (HSO), Insurance Australia Group (IAG), Energy 9,073.0 8,978.2 1.06 QUBE Holdings (QUB), The Star Entertainment Group Financials 6,449.5 6,485.7 -0.56 (SGR), Sirtex Medical (SRX), Tassal Group (TGR), The Financial-x-A-REIT 7,193.4 7,233.8 -0.56 Reject Shop (TRS) and Vocus Communications (VOC). Health Care 22,532.1 22,745.1 -0.94 Industrials 5,762.2 5,752.4 0.17 IAG shares have sunk 7 per cent after the insurer’s margins Information Tech 847.7 859.4 -1.36 were hit by rising natural peril costs. IAG reported a 49 per Materials 10,282.4 10,316.2 -0.33 cent rise in FY17 net profit to $929m. Revenue though ASX200 A-REIT 1,335.2 1,342.2 -0.52 Telecommunications 1,362.2 0.24 slipped 1.6 per cent to $16.5b. The company’s underlying 1,358.9 Utilities 8,014.5 8,134.2 -1.47 insurance margin missed forecasts, falling 2.1 per cent to 11.9% - hit by last year’s quake in NZ and Cyclone Debbie. Stocks Last Day Move % chg BHP $26.15 $0.17 0.65 A2 Milk shares are soaring 5.2 per cent after its full year net RIO $64.60 -$0.17 -0.26 profit almost tripled to NZ$90.6m – helped by strong demand CBA $78.21 -$0.45 -0.57 for its infant formula, which now generates 72% of its total ANZ $29.84 -$0.06 -0.20 revenue – up from 61% in the prior year. NAB $30.79 -$0.05 -0.15 WBC $32.51 $0.04 0.11 Sirtex Medical (SRX) shares have dropped 11 per cent after TLS $3.88 $0.04 0.91 the liver cancer treatment developer was hit by a (previously WES $41.48 $0.13 0.31 announced) write-down in the value of its clinical and WPL $29.60 $0.11 0.37 research and development assets. SRX reported a full-year CSL $128.05 -$0.01 0.00 loss of $26.3m. WDC $10.84 $0.00 0.00 NCM $21.68 -$0.21 -0.94 Vocus Group (VOC) has also reported a loss for the year and has decided not to declare a final dividend. VOC Other Current Aust 4pm % chg reported a net loss of $1.46b after making heavy write downs AUD/USD 0.7899 0.7910 0.0 on goodwill for some of its recent acquisitions. VOC says AUD/EUR 0.6715 0.6726 -0.16 instead of paying a dividend, it will use the money to reduce AUD/JPY 86.499 86.670 -0.20 debt and fund projects. 11am Official Cash 1.50 1.50 0.00 Aust 90 day futures 1.71 1.71 0.0 Woolworths (WOW) returned to profitability, making $1.5bn Oil Nymex ($US/b)* 47.63 47.53 0.0 over the 12 months to June thanks to strong sales growth in Gold futures($US/oz) 1245.80 1296.70 0.2 its core supermarkets business while being held back by losses at BIG W. 1.9bn shares have been traded, worth $3.6bn. 452 stocks are stronger, 513 are weaker, while 364 are unchanged. 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