MENU

ASX 200 lunch time report: Bega, Costa, & NAB shares higher

The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has continued its strong run and is up a further 0.2% to 6,259.6 points at lunch.

Here’s what has been happening on the market on Thursday:

Rio Tinto and BHP shares slide lower.

The market has pushed higher on Thursday despite declines by mining giants Rio Tinto Limited (ASX: RIO) and BHP Group Ltd (ASX: BHP). The Rio Tinto share price is down 5% and the BHP share price is 1% lower at lunch after their shares traded ex-dividend.

Bank shares push higher.

Three of the big four banks are pushing higher today, with the National Australia Bank Ltd (ASX: NAB) share price leading the way with a gain of over 1%. Investors have responded positively to news that current director and interim group chief executive officer, Philip Chronican, has been named as the next chairman of NAB.

Santos announces bond transaction.

The Santos Ltd (ASX: STO) share price has edged lower despite announcing that it has priced a US$600 million senior unsecured fixed rate bond transaction in the US$ Regulation S market. According to the release, the bonds have been priced at a fixed coupon of 5.25%, for a period of 10 years, maturing on 13 March 2029. The book was approximately five times oversubscribed and received strong support from a mix of global asset managers and insurance companies from Asia, Australia, and Europe.

Best and worst performers.

The best performer on the ASX 200 on Thursday has been the Bega Cheese Ltd (ASX: BGA) share price which is 3.5% higher at lunch. On Wednesday the diversified food company’s shares sank to a 52-week low and a level which some investors appear to believe represented good value. Not far behind Bega is the Costa Group Holdings Ltd (ASX: CGC) share price with its 3% gain. Going the other way is the Rio Tinto share price, followed by the Speedcast International Ltd (ASX: SDA) share price which is down over 3%. Part of this decline is attributable to its shares going ex-dividend this morning.

NEW! Best 3 Dividend Picks for March

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 and has recommended COSTA GRP FPO. The Motley Fool Australia owns shares of National Australia Bank 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…

Including:

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!