ASX 200 to slip: 8 shares you need to watch today
The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to reverse some of Wednesday’s gains today with the futures market pointing to an 8-point decline at the opening bell. Investors will hope the main bourse can remain above 5,600 for the day.
Here’s a quick recap:
- FTSE 100 (UK): down 0.04%
- DAX (Germany): up 0.03%
- CAC 40 (France): down 0.33%
- Dow Jones (USA): down 0.16%
- NASDAQ (USA): down 0.23%
Caltex Australia Limited (ASX: CTX) announced this morning that it has entered an agreement to purchase Gull New Zealand for around $325 million. The acquired business has 77 retail sites in total, including 55 controlled retail sites.
Technology business Bulletproof Group Ltd (ASX: BPF) reaffirmed its underlying profit guidance, saying it is on track to deliver a strong improvement in bottom line performance during the second half of the year.
Sydney Airport Holdings Ltd (ASX: SYD) was one of the big stories on Wednesday. Its shares lost as much as 7.2% during the session and could thus receive some more attention today.
Touchcorp Ltd (ASX: TCH) will be back in focus again today as well. Its shares lost more than a third of their value on Wednesday as a result of a profit downgrade.
Infant formula producers a2 Milk Company Ltd (Australia) (ASX: A2M) and Bega Cheese Ltd (ASX: BGA) could find some more support after releasing reassuring statements supporting their recent trading performances yesterday.
And finally, legal eagles Slater & Gordon Limited (ASX: SGH) and Shine Corporate Ltd (ASX: SHJ) could come under more pressure after yesterday’s losses. Slater & Gordon admitted it was being investigated by ASIC for potentially falsifying accounts in recent years.
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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and TOUCHCORP FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.