The Motley Fool

3 ASX events you missed on Tuesday

The S&P/ASX 200 Index (INDEXASX: XJO) rebounded strongly on Tuesday after a number of solid corporate earnings reports. The ASX 200 closed 0.61% higher as some of the biggest ASX stocks rallied.

Perhaps the biggest sign of a bullish day was that all of the ASX industry sectors finished higher. The ASX Information Technology (+1.67%) and Communication Services (+1.02%) sectors led the gainers yesterday.

Here’s a recap of the biggest ASX news, events and movements that you missed on another big day of trade on Tuesday.

A good day for the WAAAX tech shares

 The WAAAX group of tech shares climbed higher and led the Information Technology sector higher.

Appen Ltd (ASX: APX) led the way with a 4.49% share price gain on Tuesday while several others gained 2% or more.

WiseTech Global Ltd (ASX: WTC) shares climbed 2.53% as Afterpay Ltd (ASX: APT) surged towards the $40 mark with a 2.26% gain.

The Xero Limited (ASX: XRO) share price gained 2.03% while Altium Ltd (ASX: ALU) disappointed with a 0.02% loss.

Challenger share price leads the ASX winners 

The Challenger Ltd (ASX: CGF) share price rocketed 13.87% higher on Tuesday and led the ASX winners board.

Challenger shares closed at $10.10 per share in a welcome day for shareholders of the under-pressure Financials stock.

The ASX investment group reported that group assets under management (AUM) rose 10% to $86 billion on Tuesday.

Normalised net profit before tax was up 3% to $279 million and total life sales were up 15% to $3.1 billion.

This is just the latest ASX 200 stock to surge higher on the back of strong earnings after a similar jump from JB Hi-Fi Limited (ASX: JBH) yesterday.

Beach Energy shares slump as Energy sector struggles

The Beach Energy Ltd (ASX: BPT) share price slumped lower after a disappointing half-year result.

Beach Energy announced a strong underlying net profit after tax of $274 million. The company also updated its underlying earnings before interest, tax, depreciation and amortisation guidance to $1.275–$1.35 billion and lowered its FY20 production guidance to between 27 million barrels of oil equivalent (MMboe) and 28 MMboe.

That sent the ASX Energy group’s shares tumbling lower on Tuesday and is symptomatic of the Energy sector’s woes.

The S&P/ASX 200 Energy Index (INDEXASX: XEJ) is now down 4.98% in 2020 in a disappointing start to the year.

Here are 3 more ASX dividend shares that I'll be watching this month.

Top 3 Dividend Shares To Buy For 2020

When Edward Vesely -- The Motley Fool Australia's resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 126%) and Collins Food (up 79%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and WiseTech Global. The Motley Fool Australia owns shares of and has recommended Challenger Limited. The Motley Fool Australia owns shares of Altium, Appen Ltd, and Xero. 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.