ASX 200 lunch time report: Appen, Bellamy’s, & Domino’s higher

At lunch the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from yesterday’s decline and is up 0.5% to 6,232.3 points.

Here’s what has been happening on the benchmark index on Wednesday:

Tech shares rise.

A number of popular tech shares have continued their strong form and pushed higher again on Wednesday. The Appen Ltd (ASX: APX) and the WiseTech Global Ltd (ASX: WTC) share price are up 4.5% and 3.5%, respectively, at lunch.

Domino’s shares edge higher.

The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price is up 1% at lunch after being the subject of a positive broker note out of Goldman Sachs. According to the note, the broker has upgraded the pizza chain operator’s shares to a buy rating with a $50.50 price target.

Nickel producers rise.

Leading nickel producers Independence Group NL (ASX: IGO) and Western Areas Ltd (ASX: WSA) have been strong performers on Wednesday. Both shares are up over 5% at lunch after nickel prices climbed higher. Earlier this week the nickel price climbed to a six month high due to supply concerns.

Metcash shares lower.

The Metcash Limited (ASX: MTS) share price is down over 3% at lunch. Prior to today the wholesale distributor’s shares were up 8% this week following a positive reaction to its strategy update. One broker that wasn’t overly impressed was Citi. On Tuesday the broker retained its sell rating and $2.45 price target on Metcash’s shares.

Best and worst performers.

The best performer on the ASX 200 on Wednesday has been the Bellamy’s Australia Ltd (ASX: BAL) share price which is up 8.5%. This has stretched its weekly gain to a massive 34%. Going the other way is the Perpetual Limited (ASX: PPT) share price which is down 4%. The majority of this decline is attributable to the fund manager’s shares trading ex-dividend this morning for its $1.25 interim dividend.

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 has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd and WiseTech Global. The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!