It was a soft day of trade on Monday as the S&P/ASX 200 Index (INDEXASX: XJO) edged 0.14% lower.
The benchmark index closed at 7,012.50 points while the broader All Ordinaries Index (INDEXASX: XAO) finished at 7,108.00 points.
The ASX Healthcare (+0.69%) and Consumer Discretionary (+0.55%) sectors led the way on Monday while Information Technology (-1.08%) and Energy (-0.93%) slumped.
Here’s a recap of all the biggest news, announcements and market movements you may have missed yesterday.
JB Hi-Fi shares lead the ASX 200 winners on Monday
JB Hi-Fi Australia sales rocketed 5.1% higher to $2.72 billion while JB Hi-Fi New Zealand sales climbed 0.8% to NZ$132.8 million.
The Aussie retailer increased its interim dividend by 8.8% to $0.99 per share. JB Hi-Fi led the ASX shares leaderboard on Monday following the strong result and is approaching a new 52-week high.
It’s bad news for the significant number of short-sellers betting against the JB Hi-Fi share price right now.
Boral share price hammered more than 10%
Boral provided an update on its first-half results and announced the retirement of CEO and Managing Director, Mike Kane.
The ASX 200 group reported finance personnel within its North American Windows business had manipulated accounts and financial statements. But Boral shares slumped lower on the news and the net profit downgrade to $156 million (from $192 million in 1H FY19).
Boral also downgraded its FY 2020 earnings before interest, tax, depreciation and amortisation (EBITDA) forecast across all 3 divisions (Australia, North America and USG).
GPT shares climb higher as mixed February continues for REITs
The GPT Group (ASX: GPT) share price closed 2.76% higher at $6.34 per share on Monday.
GPT reported a 6.8% increase in funds from operations (FFO) to $613.7 million in the period. The group’s adjusted FFO climbed 8.03% higher to $497.5 million while its distribution per security climbed 4% higher to 26.48 cents.
It’s been a mixed month for the Aussie REITs with Mirvac Group (ASX: MGR) shares slumping lower last week. However, the SCA Property Group (ASX: SCP) and Dexus Property Group (ASX: DXS) shares climbed higher after strong results this month.
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Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Shopping Centres Australasia Property Group. 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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