At lunch on Tuesday, the S&P/ASX 200 Index (ASX: XJO) has bounced back from a soft start and is pushing higher. The benchmark index is currently up 0.25% to 7,402.2 points.
Here’s what is happening on the ASX 200 today:
BHP shares fall on Q1 update
The BHP Group Ltd (ASX: BHP) share price is trading lower on Tuesday following the release of the mining giant’s first quarter update. The Big Australian had a tough quarter operationally, reporting production declines across a range of key commodities including iron ore and copper. However, management remains positive on the future and has held firm with its FY 2022 production guidance.
CSL R&D day
The CSL Limited (ASX: CSL) share price is edging lower following the release of its annual research and development (R&D) update. The biotherapeutics giant invested over US$1 billion in these activities during FY 2021. Among the highlights is the Seqirus business advancing its first-of-its-kind adjuvanted, cell-based seasonal influenza vaccine (aQIVc) and increasing its work on its self-amplifying mRNA (sa-mRNA) development program.
Tabcorp shares slide
The Tabcorp Holdings Limited (ASX: TAH) share price is falling on Tuesday following the release of its AGM update. At the meeting, the gaming company released a trading update for the first quarter. That update revealed that lockdowns had a negative impact on the company’s performance during the quarter. Tabcorp’s group revenue fell 7% compared to the prior corresponding period. This was driven partly by a 19% decline in Keno revenue.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Tuesday has been the Nuix Ltd (ASX: NXL) share price with a 5% gain despite there being no news out of the embattled tech company. The Unibail-Rodamco-Westfield CDI (ASX: URW) share price has been the worst performer on the ASX 200 with a 4.5% decline. This mirrors the declines its European listed shares recorded overnight.