ASX 200 up 0.2%, Fortescue, South32 gain, Crown swings to loss

The ASX 200 has closed 0.2 per cent higher, led by Fortescue Metals and South32. Iron ore giant's profit more than doubled. Crown Resorts swings to loss, no dividend.

Rising oil prices are tipped to give markets a lift this week. Picture: Gaye Gerard

Welcome to the Trading Day blog for Monday, August 30. The ASX 200 has finished up 0.2 per cent, thanks to gains in Fortescue Metals and South32. Investors dumped tech stocks Altium and Nuix.

Locally, earnings season is drawing to a close.

Fortescue Metals Group declared a $2.11 a share dividend on the back of a record profit for the financial year, delivering a $2.39bn dividend for founder and chairman Andrew Forrest.

Casino group Crown Resorts reached a deal with creditors not to pay dividends until at least the end of the next financial year after its second-ever annual loss.

Nuix shares dropped nearly 11 per cent after the tech company capped a troubled year with a loss after a shift in the company’s contract structure, with the rise in subscription services bolstering revenue.

Originally published as ASX 200 up 0.2%, Fortescue, South32 gain, Crown swings to loss

Live Updates