On Monday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) started the week on a positive note. The benchmark index finished the day 0.25% higher at 6,190.5 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
ASX futures pointing higher.
The Australian share market looks set for another positive day of trade on Tuesday. According to the latest SPI futures, the ASX 200 is poised to open the day 0.15% or 10 points higher. This follows a positive night of trade on Wall Street which in late trade sees the Dow Jones up 0.1%, the S&P 500 up 0.25%, and the Nasdaq 0.2% higher.
Oil prices rise.
Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) shares will be on watch after oil price started the week on high. According to Bloomberg, the WTI crude oil price has risen 0.9% to US$59.03 a barrel and the Brent crude oil price has climbed 0.5% to US$67.48 a barrel. This was driven by news that OPEC has agreed to keep supply caps in place until June.
TPG Telecom results.
The TPG Telecom Ltd (ASX: TPM) share price could be on the move on Tuesday when it releases its half year results. According to Goldman Sachs, it expects half year revenue growth of 2% to $1.3 billion, EBITDA growth of 1% to $421 million, and a 5% decline in NPAT to $208 million. The broker will also be looking out for an upgrade to its full year BAU EBITDA guidance of $800 million $820 million. In December management advised it was tracking well to this guidance and has a habit of revising it higher.
Shares going ex-dividend.
The next group of shares to trade ex-dividend includes the likes of ship builder Austal Limited (ASX: ASB), auto listings company Carsales.Com Ltd (ASX: CAR), and online travel agent Webjet Limited (ASX: WEB). These shares are likely to trade lower to reflect the loss of the rights to their latest dividends.
Dividends being paid.
A number of popular shares will be paying their dividends today. These include appliance manufacturer Breville Group Ltd (ASX: BRG), property listings company REA Group Limited (ASX: REA), and leading copper producer Sandfire Resources NL (ASX: SFR).
