At the closing bell the S&P/ASX 200 index closed 32 points down, or 0.5 per cent lower to finish at 6,885. Shares in Evolution Mining (ASX:EVN) are down today despite their Board approval to progress the development of a surface decline at the Red Lake gold mine in Ontario, Canada lifting annual production rates there to over a million tonnes. EML Payments did well today after they announced record revenues of $95.3 million and EBITDA OF $28.1 million.
Dow futures are suggesting a drop of 2 points.
S&P 500 futures are eyeing a dip of 1 points.
The Nasdaq futures are eyeing fall of 10 points.
And the ASX200 futures are eyeing a 33 point fall for tomorrow morning.
Coles (ASX:COL) report thei group sales revenue increased by 8.1 per cent to $20.4 billion with strong sales revenue growth across Supermarkets, Liquor and Express. Group EBIT increased by 12.1 per cent to $1.0 billion with Smarter Selling benefits and operating leverage driving growth across all segments. The Coles Board has declared a fully-franked interim dividend of 33 cents per share, a 10 per cent increase on the interim dividend of the prior period with a record date of 1 March 2021 and a payment date of 26 March 2021. Coles retains its annual target dividend payout ratio of 80 per cent to 90 per cent. Shares in Coles (ASX:COL) closed 5.4 per cent lower at $17.20.
Whitehaven Coal (ASX:WHC) report a $94.4 million loss for the six months to December 31, compared to a profit of $27.4 million a year ago..
Westpac (ASX:WBC) reported a first-quarter unaudited statutory net profit $1.70 billion compared to a second-half 2020 quarterly average of $550 million.
Super Retail (ASX:SUL) reported a first half statutory NPAT up 201 per cent to $172.8 million, compared to the same period a year ago.
Best and worst performers
The best-performing sector was Materials, adding 1.5 per cent, while the worst-performing sector was Consumer Staples dropping 3.5 per cent.
The best-performing stock in the S&P/ASX 200 was EML Payments (ASX:EML), rising almost 16.4 per cent to close at $4.90 Shares in Lynas Rare Earth (ASX:LYC) and Domino’s Pizza Enterprises (ASX:DMP) followed.
The worst-performing stock in the S&P/ASX 200 was ZIP Co (ASX:Z1P) dropping 14 per cent to close at $11.97. Shares in Evolution Mining (ASX:EVN) and Appen (ASX:APX) followed.
Japan’s Nikkei has lost 0.5 per cent. The Hang Seng is trading 0.9 per cent higher and the Shanghai Composite are closed.
Commodities and the dollar
Gold is trading at US$1,793 an ounce.
Light crude is US$0.01 higher at US$55.99 a barrel.
One Australian dollar is buying 77.57 US cents.
And finally a reminder our first investor event for 2021 is Feb 23, 5 companies starting 12:30pm details including registration at the link https://www.finnewsnetwork.com.au/page/investor-events.