ASX 200 up 0.2%: ANZ and CSL impress, Fortescue declares huge interim dividend

Australia and New Zealand Banking GrpLtd (ASX:ANZ) and CSL Limited (ASX:CSL) shares are making a splash on the ASX 200 on Thursday..

| More on:
stock market investing chart

At lunch on Thursday the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. The benchmark index is currently up 0.2% to 6,897.6 points.

Here’s what is happening on the market today:

ANZ Q1 update impresses

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is charging higher after releasing its first quarter update. For the three months ended 31 December, the banking giant reported unaudited cash earnings from continuing operations of $1,810 million. This was a 54% jump on the average of the last two quarters of FY 2020. The bank also revealed a COVID-19 collective provision release of $173 million. This represents ~10% of the $1,700 million set aside during FY 2020.

CSL half year results

The CSL Limited (ASX: CSL) share price is pushing higher today after investors responded positively to its half year results. CSL posted a 16.9% increase in revenue to US$5,739 million and a 45% jump in net profit after tax to US$1,810 million. This was driven by growth in its core immunoglobulin portfolio, the successful transition to its own distribution model in China, strong growth HAEGARDA sales, and exceptionally strong demand for influenza vaccines. Management retained its full year profit guidance for FY 2021.

Fortescue declares huge dividend

The Fortescue Metals Group Limited (ASX: FMG) share price is rising today after declaring a huge interim dividend with its half year results. For the six months ended 31 December, Fortescue delivered a 44% increase in revenue to US$9,335 million and a 66% lift in net profit after tax to US$4,084 million. This led to the Fortescue board announcing a fully franked A$1.47 per share interim dividend. This is up 93.4% on the prior corresponding period.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Thursday has been the Treasury Wine Estates Ltd (ASX: TWE) share price with a 12.5% gain. Yesterday the wine company revealed plans to implement a new divisional operating model that will see it operate under three new internal divisions: Penfolds, Treasury Premium Brands, and Treasury Americas. The worst performer has been the NRW Holdings Limited (ASX: NWH) share price with a 17% decline. This follows its half year results release this morning.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

a group of people gathered around a laptop computer with various expressions of interest, concern and surpise on their faces. All are wearing spectacles.
Broker Notes

Broker says Life360 (ASX:360) share price has ~80% upside

The Life360 Inc (ASX: 360) share price was one of the best performers on the Australian share market in 2021. …

Read more »

best asx shares represented by best in show ribbon
Broker Notes

3 ‘champion stocks’ for ASX investors in 2022

If you’re a fan of buy and hold investing, then you may want to look at the “champion stocks” listed …

Read more »

Young woman in yellow striped top with laptop raises arm in victory
Share Gainers

These were the best performing ASX 200 shares last week

The S&P/ASX 200 Index (ASX: XJO) had a week to forget after the US Federal Reserve indicated that it would start to …

Read more »

asx share price falling lower represented by investor wearing paper bag on head with sad face
Share Fallers

These were the worst performing ASX 200 shares last week

It was another tough week for the S&P/ASX 200 Index (ASX: XJO) after the US Federal Reserve indicated that it would start …

Read more »

a group of stockbrokers sit in a room with a computer and writing on a wall in chalk indicating calculations and graphs while discussing something on the computer screen.
Broker Notes

Here’s what 67% of brokers think of the current IAG (ASX:IAG) share price

Key points The IAG share price traded up today IAG has made a solid start to the year having rallied …

Read more »

Top 10 - asx shares today
Share Market News

Here are the top 10 ASX shares today

Today, the S&P/ASX 200 Index (ASX: XJO) fought back against the selling pressure throughout the day to finish in the green. …

Read more »

The word inflation written with a ticking time bomb.
Share Market News

Why is it when Jerome Powell sneezes, the ASX 200 catches a cold?

Key points The ASX 200 took a hit following comments from the United States Federal Reserve chair Jerome Powell Expectations …

Read more »

A female financial services professional with a manicured black afro hairstyle turns an ipad screen to show a client across the table a set of ASX shares figures in graph format
Bank Shares

Goldman tips Bank of Queensland (ASX:BOQ) share price to rise 25%

If you’re interested in gaining exposure to the banking sector, then it could be worth considering Bank of Queensland Limited …

Read more »