NewsBite

AUDUSD0.6512
-0.0010 (-0.15%)-0.15%
SPI 2008,656.00
-13.00 (-0.15%)-0.15%
S&P/ASX 2008,704.60
6.90 (0.08%)0.08%
All Ords8,966.70
3.20 (0.04%)0.04%
NZX 504,749.95
-5.66 (-0.12%)-0.12%
Hang Seng25,524.45
-37.68 (-0.15%)-0.15%
Nikkei40,674.55
-323.72 (-0.79%)-0.79%
View all

ASX gains 0.7pc; uranium stocks surge; City Chic dives

ASX rises 0.7pc

The S&P/ASX 200 rose 0.7 per cent, or 50 points, to 7048.1 points and the All Ordinaries firmed by a similar margin to 7291.9.

Insignia Financial, formerly known as IOOF, was the standout profit result climbing 11.4 per cent to $3.53. Underlying profit after tax was $234.5 million, an increase of 59 per cent, as it realised the scale added by its blockbuster acquisition of National Australia Bank’s MLC Wealth last year.

Qantas Airways rose 7.1 per cent to $4.86 after a better-than-expected result that delivered a $400 million share buyback. Fuel costs for financial 2023 are forecast at $5 billion.

Iron ore futures traded in Singapore rose 1.5 per cent to $US105.20 a tonne. BHP Group added 0.7 per cent to $42.19.

Read more.

1 / 8

Latest In Equity markets

Fetching latest articles

Sponsored

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/equity-markets/asx-to-lift-results-ahead-qantas-woolworths-whitehaven-20220825-p5bcl1