MENU

ASX 200 lunch time report: Afterpay, ANZ, & Bellamy’s higher

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a strong start to the week and is up 0.7% to 6,235.8 points at lunch.

Here’s what has been happening on the local market on Monday:

Bank shares rise.

Australia and New Zealand Banking Group (ASX: ANZ)Westpac Banking Corp (ASX: WBC), and the rest of the big four have pushed higher on Monday. ANZ and Westpac shares are leading the way with gains of approximately 0.5%.

Tech shares charge higher.

Strong gains are being made in the tech sector today following a positive performance on the Nasdaq index on Friday. Highlights include the Afterpay Touch Group Ltd (ASX: APT) share price which is up 7% and the Appen Ltd (ASX: APX) share price which has risen 3%.

Nufarm storms higher.

The Nufarm Limited (ASX: NUF) share price has been a big mover on Monday and is up 7% at lunch. The crop protection and specialist seeds company’s shares were up as much as 10.5% at one stage this morning. The catalyst for this gain appears to have been a broker note out of Deutsche Bank. According to the note, the broker has upgraded its shares to a buy rating with a $6.00 price target largely on valuation grounds.

Gold miners sink lower.

The gold miners have tumbled lower on Monday. At lunch the Evolution Mining Ltd (ASX: EVN) share price and the St Barbara Ltd (ASX: SBM) share price are both down over 4% after a sharp decline in the gold price. The S&P/ASX All Ords Gold index is down 3.2% at the time of writing.

Best and worst performers.

The best performer on the ASX 200 at lunch is the Bellamy’s Australia Ltd (ASX: BAL) share price with a gain of 8.5%. Investors appear to be looking beyond its weak half year result and focusing more on its long term growth prospects. Going the other way are the gold miners, closely followed by the Lynas Corporation Ltd (ASX: LYC) share price which is down 3.5% at lunch. This decline leaves the rare earths producer’s shares trading within sight of their 52-week low.

NEW! Top 3 Dividend Bets for 2019

With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.

Hint: These are 3 shares you’ve probably never come across before.

They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”

We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."

Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!

The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free copy right now!

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of AFTERPAY T FPO and Appen Ltd. 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now