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5 things to watch on the ASX on Thursday

On Wednesday the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) rebounded with a 0.15% or 9-point gain to 6,107 points.

Will there be more of the same on Thursday? Here are five things that could shape today’s trade:

ASX futures are pointing higher.

According to the latest SPI futures, the Australian share market is poised to open the day 11 points or 0.2% higher on Thursday. This follows a positive night of trade on Wall Street which saw the Dow Jones Industrial Average climb 0.3%, the S&P 500 rise 0.3%, and the Nasdaq push 0.6% higher.

The miners could do the heavy lifting.

BHP Billiton Limited (ASX: BHP) shares and Rio Tinto Limited (ASX: RIO) shares could be on course to make new 52-week highs on Thursday after a positive day of trade in London. The mining giants saw their UK-listed shares rise 1.9% and 2.7% respectively. Rises in the oil, copper, and iron ore prices appear to have driven their strong performances.

Dulux results are released today.

This paint, coatings, adhesives, and building products provider is due to release its half year results this morning. According to Bloomberg, DuluxGroup Limited (ASX: DLX) is expected to deliver earnings per share of 17.6 cents, compared to 18.7 cents in the first half of FY 2017. Australian Agricultural Company Ltd (ASX: AAC) is expected to release its results also.

Westpac shares go ex-dividend.

The shares of Westpac Banking Corp (ASX: WBC) will be heading lower this morning after the banking giant goes ex-dividend for its interim dividend. Eligible shareholders can look forward to receiving the bank’s 94 cents per share dividend in their nominated account on July 4. Popular dividend share Dicker Data Ltd (ASX: DDR) will also trade ex-dividend this morning.

A2 Milk will be on watch.

A2 Milk Company Ltd (ASX: A2M) shares will be on watch today following the release of its softer than expected sales update. Whether or not its shares rebound higher will likely depend on what the broker community has to say on things. A note out of Goldman Sachs this morning reveals that its analysts have retained their buy rating but cut the price target on its shares slightly to $12.70.

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Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of A2 Milk. 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 Scott Phillips.

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