S&P/ASX 200 ends tad higher, energy and materials stocks up as Ansell and NIB drop
ASX ends 0.2 per cent higher as energy and materials stocks gain, offsetting falls in Ansell and NIB. Kogan drops 16 per cent. Bitcoin above $US50,000.
Welcome to the Trading Day blog for Tuesday, August 24. Stocks end 0.2 per cent higher, led by energy and materials stocks. Investors dump Kogan, Ansell and NIB following earnings results.
Tech stocks led Wall Street rises, with the Nasdaq up 1.6 per cent, the Dow rising 0.6 per cent and the S&P 500 adding 0.9 per cent. European markets rebounded and Bitcoin is back above $US50,000.
Locally, earnings season features results from Scentre, Oil Search and Boral. Kogan.com cancelled its final dividend after a profit collapse. Alumina is higher with commodity price gains. Ansell shares are down as much as 10%. BHP faces a potential two notch credit rating downgrade by S&P Global Ratings.
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