The Blackmores Limited (ASX: BKL) share price will be in focus again today after it soared on Tuesday, along with Bellamy's Australia Ltd (ASX: BAL). The broader market is set to come under some pressure after a poor night for international markets with the futures market pointing to a 48-pint decline.
Here's a quick recap:
- FTSE 100 (UK): down 0.69%
- DAX (Germany): down 0.75%
- CAC 40 (France): down 0.19%
- Dow Jones (USA): down 1.14%
- NASDAQ (USA): down 1.83%
Blackmores and Bellamy's both benefited from reports that China had delayed its new cross-border e-commerce laws indefinitely. A number of other companies, including a2 Milk Company Ltd (Australia) (ASX: A2M), also benefited.
Telecommunications giant TPG Telecom Ltd (ASX: TPM) also experienced a strong surge following its half-year earnings report with Mesoblast limited (ASX: MSB) ending the session on a high note as well.
Nufarm Limited (ASX: NUF) reported its own results today, posting a 15% increase in half-year revenue and a 19% gain in earnings before interest and tax (EBIT).
Fonterra, or FONTERRA UNIT NZX (ASX: FSF), as it is listed on Google Finance, also posted its results with revenue from ordinary activities declining 48.6%.
Finally, Nearmap Ltd (ASX: NEA) could spend some more time in the spotlight today. The NEA share price has shed almost 17% in the past two sessions, so investors will be hopeful for a better performance today.
Before getting started on your day, be sure to check out these two articles: