ASX 200 opens slightly up; Aristocrat, Healius lead gains

Highlights

  • The ASX 200 opened 0.1% up, bolstered by energy, mining boost.
  • The Dow Jones Industrials Average marked a new lifetime high, closing the session 0.43% up at 35,609.35.
  • The market is tilted towards bears for the day as seven out of the 11 sectors are trading lower.

The Australian share market opened slightly higher on Thursday, supported by buying in energy stocks and frontline miners as commodity prices recorded an uptick overnight. In the first few minutes of opening, the ASX 200 was trading 0.1% up to 7,422.

Stock prices flashing on a trading screen

Image Source: © Embe2006 | Megapixl.com

Global stock indices closed higher on Wednesday as earnings season is going on and more companies are beating analysts' expectations. The S&P 500 and the Dow Jones were up on Wednesday as investors eye a better-than-expected third quarter earnings season in the US.

While NASDAQ closed almost flat at 15,121.68, down by 0.05%, as technology stocks took a breather, the Dow Jones Industrials Average marked a new lifetime high, closing the session 0.43% up at 35,609.35. The S&P 500 fell short of some 5 points to reach a new all-time high, but ended the session with a decent gain of 0.37% to 4,536.2

Read More: US indices close flat as healthcare, utility stocks gain

How has the market performed so far?

As of 11:00 AM AEDT, the ASX 200 lost its minor opening gains and was trading 1.8 points down to 7,411.9, while the ASX All Ordinaries index was down 3.8 points to 7,724.2.

Top 5 ASX gainers and losers

Data Source: ASX Website (as of 21 October 2021, 11:00 AM AEDT)

The top ASX 200 gainers during the early session were Healius Limited (ASX:HLS) and Aristocrat Leisure Limited (ASX:ALL), both gaining 7.47% and 5.57%, respectively. On the flip side, Flight Centre Travel Group Limited (ASX:FLT) and Super Retail Group Limited (ASX:SUL) were the biggest laggards, shedding 6.37% and 5.51%, respectively.

                   

ASX up at open; Wall Street & Bitcoin chase record highs

The market is tilted towards bears for the day as seven out of the 11 sectors are trading lower, with the consumer staples sector shedding 0.91%. The real estate sector is the biggest gainer with a 0.84% uptick.

Newsmakers

  1. Aristocrat Leisure Limited (ASX:ALL)
  • The company successfully completed the institutional component of an entitlement offer, announced on 18 October 2021.
  • The company raised around AU$895 million at an offer price of AU$41.85 per share.
  • The proceeds from the offer will be used towards financing the acquisition of Playtech plc.
  1. Healius Limited (ASX:HLS)
  • Healius’ revenue jumped 44% in the September 2021 quarter to AU$960 million, as compared to the same period last year.
  • The revenue jump has been supported by stronger-than-expected non-COVID-19 revenue.
  • The underlying EBIT more than doubled over the last year, surging to AU$202 million.
  1. Transurban Group Limited (ASX:TCL)
  • Traffic across the company’s markets continues to take a hit due to government restrictions.
  • Some of the most impacted markets were US, Canada and Australia.
  • Its average daily traffic fell 12.4% in the September quarter.
  1. Perpetual Limited (ASX:PPT)
  • Investment manager Perpetual’s asset under management grew 2.7% to AU$101 billion in the September quarter.
  • The company’s assets in its international fund management unit increased 2.6% to AU$75.5 billion.
  1. Woodside Petroleum Limited (ASX:WPL)
  • The company’s sales revenue jumped 19% to AU$1.53 billion in the September quarter, over the prior period.
  • A mild slip in the production was offset by soaring oil and gas prices.
  • Average realised price of oil jumped 28% to AU$59 per barrel.

Read More: Three ASX penny stocks that shot up over 100% in one month

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