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ASX dips; CSL, JB Hi-Fi hit record highs

Updated

Key Points

  • Australian shares have closed slightly lower.
  • Aurizon has increased its interim dividend and expanded its on-market buy-back.
  • JB Hi-Fi has reported record sales and earnings in the first half.
  • Boral has confirmed a $36.6 million earnings hit from financial irregularities.
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ASX dips as Boral dives, JB Hi-Fi soars

William McInnes

The Australian sharemarket has closed slightly lower on Monday after recovering from a heavy dip during morning trade.

The S&P/ASX 200 Index fell 10.1 points, or 0.1 per cent, to 7012.5.

BHP Group dropped 1 per cent to $38.40, Commonwealth Bank slid 0.6 per cent to $84.32 and Insurance Australia Group declined 2.7 per cent to $6.88.

Boral shares were hit hard, dropping 10.7 per cent to $4.60 after warning of a $36.6 million earnings hit.

CSL firmed 0.9 per cent to $322.96, Woolworths advanced 0.9 per cent to $43.11 and Newcrest Mining climbed 2.2 per cent to $29.62.

JB Hi-Fi soared 11.5 per cent to $44.71 after reporting a strong six months of trading.

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    Original URL: https://www.afr.com/markets/equity-markets/asx-to-edge-higher-aurizon-jb-hi-fi-to-report-20200209-p53z43