ASX edges higher; Megaport and REA rise on earnings; NAB falls on costs warning
ASX edges higher on tech as banks fall. Coronado profit surges, Megaport revenue jumps, REA firms on profit beat, NAB cash profit hits $1.8bn and consumer confidence falls.
Welcome to the Trading Day blog for Tuesday, August 9. The Australian sharemarket rose marginally on gains led by tech and communication as NAB leads banks lower.
The S&P/ASX 200 index rose 9.18 points, or by 0.1 per cent, to 7029.80.
On Wall Street, the Dow Jones Industrial Average closed 0.1 per cent higher. The S&P 500 and technology-focused Nasdaq Composite Index both fell 0.1 per cent.
Oil prices are higher with global benchmark Brent up 1.8 per cent and Nymex gaining 2 per cent.
Iron ore futures up 1.7 per cent while based metal prices were mixed.
The Aussie dollar was buying US69.70 cents at local close.
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