The Australian share market dropped at the open closing 0.8 per cent down at the end of trade.
IDP Education (ASX:IEL)
led the top 200 gains for the session, up almost 30 per cent, and Webjet (ASX:WEB)
led the losses for the day. The S&P/ASX200 index
At the closing bell the S&P/ASX 200 index closed 48 points lower to finish at 6,120.Futures market
Dow futures are suggesting a fall of 152 points.
S&P 500 futures are eyeing a dip of 17 points.
The Nasdaq futures are eyeing a fall of 53 points.
And the ASX200 futures are eyeing a 45 point fall tomorrow morning. Looking at some more headlines:
The day saw August’s reporting season in full swing. With the global impact of the pandemic, it was no doubt many companies experienced their worst results on record.
profit has plunged 91%, with the airline posting a $2.7billion drop. In what has been the most challenging period in its long history, Qantas (ASX:QAN)
reported a $124 million Underlying Profit Before Tax for the 2020 financial year.
have reported their profit for the year is down 69%.
Pokie Machine supplier Ainsworth Gaming (ASX:AGI)
have confirmed won't pay a final dividend and are expected a loss of $34 million. Due to the closure and strict restrictions imposed on the gaming industry, second half revenue fell 63 per cent to $42 million.
Sequoia Financial Group (ASX:SEQ)
reported that the 18-month business improvement process has resulted in a successful FY20 financial performance. The company significantly improved EBITDA of $4.8m, accelerating 2H20 momentum, with EBITDA of $3.4m. Sequoia highlighted the successful integration of an additional four advisory businesses into Sequoia Wealth Group, making the company the fourth largest non-aligned advisory business in Australia. Morrison Securities monthly value of trading transactions also increased by 300%.Best and worst performers
The best-performing sector was Real Estate Investment Trusts, rising 1 per cent. The worst-performing sector was Energy, shedding 3.7 per cent.
The best-performing stock on the S&P/ASX 200 was IDP Education (ASX:IEL)
, closing 28.5 per cent higher at $19.17. It was followed by McMilllan Shakespeare (ASX:MMS)
and Afterpay (ASX:APT)
The worst-performing stock on the S&P/ASX 200 was Webjet (ASX:WEB)
, closing 12.5 per cent lower at $3.22. It was followed by IPH (ASX:IPH)
and Origin Energy (ASX:ORG)
Lower. Japan's Nikkei has lost 1 per cent, Hong Kong's Hang Seng has lost 2 per cent and China's Shanghai Composite has lost 1 per cent.Commodities and the dollar
Gold is trading at US$1950 an ounce.
The iron price is 0.4 per cent higher at US$129.09 a ton.
Its futures are pointing to a fall of 1.5 per cent.
Light crude is 44 cents lower at US$42.49 a barrel.
One Australian dollar is buying 71.73 US cents.
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