ASX 200 today: Market opens higher; Graincorp, Eagers Automotive top gainers

Summary

  • The ASX 200 opened higher on Wednesday, gaining 8.90 points or 0.13 per cent to 6,830.10, following a mixed close for Wall Street overnight. 
  • In the opening trade, the top performing stocks on ASX 200 were Graincorp Ltd and Eagers Automotive Ltd, up 4.74 per cent and 4.25 per cent, respectively.
  • While the ASX200 A-REIT was trading down 2.105 per cent, the ASX 200 Health Care was down 1.093 per cent. 

The ASX 200 opened higher on Wednesday, gaining 8.90 points or 0.13 per cent to 6,830.10, following a mixed close for Wall Street overnight. The US stocks halted a six-day winning streak on Tuesday.

Over the last five days, the index is virtually unchanged, but gained 3.69 per cent over the last year to date. The ASX200 closed little unchanged Tuesday sitting at 6821.20. While the broader All Ordinaries index was down 0.82 per cent, the ASX 200 VIX Index was up 3.309 per cent in the opening trade.

Image Source: © Djbobus | Megapixl.com

On Tuesday, while the S&P 500 settled down 0.11 per cent to 3,911.23, the Dow Jones Industrial Average fell 0.03 per cent to 3,1375.83. NASDAQ Composite Index advanced 0.14 per cent to 14,007.70. The Russell 2000 was up 0.40 per cent to 2,299.00.

Gainers and losers

In the opening trade, the top performing stocks on ASX 200 were Graincorp Ltd and Eagers Automotive Ltd, up 4.74 per cent and 4.25 per cent, respectively. Perseus Mining Ltd was up 3.81 per cent.

The bottom-performing stocks were Challenger Ltd (down 3.53 per cent) and Boral Ltd (down 7.39 per cent). Credit Corp Group Ltd was down 4.82 per cent.

Image Source: © Shimanovichs | Megapixl.com

Sectoral movement

Almost all sectors were trading down in the early trade. While the ASX200 A-REIT was trading down 2.105 per cent, the ASX 200 Health Care was down 1.093 per cent. The ASX 200 Consumer Discretionary was down 1.054 per cent. 

AUD/USD was trading 0.36 per cent up at 0.7736. West Texas Intermediate crude rose 0.1 per cent to $58.39 a barrel.

READ MORE: US Markets End Flat After Early Losses; NASDAQ Gains on Tech, Energy Boost

Newsmakers

Commonwealth Bank of Australia (CBA) announced a fully franked dividend of $1.50 to be paid on 30 March 2021 despite a 10.8 per cent dip in first-half cash profit to A$3.9 billion. Megaport has doubled its half-year loss to A$38.4 million on sales up 39.3 per cent to $36.04 million. Pub owner ALE Property Group reported a 14.8 per cent rise in first half distributable profit. Centuria Capital announced a net profit down 46 per cent to A$41.4 million and a 46 per cent rise in revenue to A$116.3 million. 

READ MORE: Here’s why Althea Group (ASX:AGH) should be on investors’ radar

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