ASX 200: Whyalla Steelworks in administration; NAB profit down; Santos, MinRes tank on results; Goodman's $4bn raise; Corp Travel soars
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes' big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
That's all from the Trading Day blog for Wednesday, February 19. The ASX 200 index closed 0.7 per cent lower at 8419.20 points.
On Wall Street, the Dow Jones Industrial Average rose about 10 points, or less than 0.1 per cent. The S&P 500 climbed 0.2 per cent and the Nasdaq Composite added less than 0.1 per cent.
Cryptocurrency giant bitcoin is below $US96,000.
The Aussie dollar is trading around US63.64c.
More Coverage
Originally published as ASX 200: Whyalla Steelworks in administration; NAB profit down; Santos, MinRes tank on results; Goodman's $4bn raise; Corp Travel soars
ASX to rise; Mayne backs $672m US takeover
US pharma Cosette's bid has support from major Mayne shareholders, including Bruce Mathieson. QBE dividend up on FY24 profit boost. Nine, Domain investors to react to US-based CoStar's takeover move.
New fight to save penalty rates for workers
The federal Workplace Relations Minister will oppose a bid by retailers to cut penalty rates and entitlements, saying “workers’ wages should not go backwards”.