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ASX 200 sinks 2.4%, afterpay plummets, AMP jumps on Friday, February 26, 2021

It was a tough day S & P / ASX200 Index (ASX: XJO) Because it fell by about 2.4% 6,673 points..

The reporting season has ended for another six months, but companies that do not have a December 2020 end date for their reports will have several more seasons in the coming weeks.

Here are some of the highlights of ASX:

Afterpay Co., Ltd. (ASX: APT) Stock price

Afterpay shares fell 11% today 1 The worst fall, but not the biggest.

Most of the ASX went into the red today, but afterpay later suffered terribly Return to trade From the suspension of transactions to provide notes and the announcement of the semiannual financial results for FY2009.

Indeed, most of the purchases now have significantly reduced later payment sectors today.The· Zip Co Ltd (ASX: Z1P) Stock prices fell another 5%.

The· Sezzle Inc (ASX: SZL) Stock prices have since fallen 2.9% reportAlthough it was down more than 10%. Splitit Ltd (ASX: SPT) Also, as reported today, stock prices fell 3.8%.

It was AMP that performed best on the ASX200.

AMP and Ares Management joint venture AMP Capital’s Infrastructure Equity and Infrastructure Partnership for debt, real estate and other minority investment private market businesses.

In the proposed deal, Ares will acquire 60% of the private market, take over management, and AMP will hold 40%. The two businesses will enter a 30-day monopoly period to work towards binding transactions.

Ares will acquire shares for $ 1.35 billion and value the entire private market joint venture at $ 2.25 billion. This will value AMP Capital’s entire private market business up to $ 3.15 billion.

Orica’s share price fell 18% today, showing the worst performance on the ASX200.

Today, the company announced that CEO and Managing Director Alberto Calderon will resign after nearly six years of work. The new representative is Sanjeev Gandhi, currently Group Executive and President of Australia Pacific Asia.

The company also The latest information on the market..

Earnings before interest and tax (EBIT) in the first half of FY2009 will decrease due to various factors.

Mining revenues are expected to decline between $ 70 million and $ 80 million as trade tensions between Australia and China are impacting demand in the profitable Australian steam coal market.

In the first half of 2009, demand for Orica’s products and services from the affected mines is expected to decrease by approximately 60,000 tonnes of ammonium nitrate from the previous corresponding period.

COVID-19 (new coronavirus infection) (# If there is no character limit, add parentheses when it first appears It is also causing problems with the turmoil and closure of mines in Colombia, Europe, Africa, Mexico and Indonesia.

The impact of the exchange rate has been observed by the appreciation of the Australian dollar, pushing earnings from $ 20 million to $ 25 million.

There are also additional items of $ 15 to $ 20 million due to additional arbitration costs associated with the Barrup plant and additional SAP system stabilization costs in the first half of the year.

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Tristan Harrison There are no positions in any of the listed stocks. Motley Fool Holdings Inc., the parent company of Motley Fool Australia, owns a stake in ZIPCOLTDFPO. Motley Fool Holdings Inc, the parent company of Motley Fool Australia. Is Sezzle Inc. Is recommended. MotleyFool Australia owns a stake in AFTER PAYTFPO. Motley Fool Australia recommends Sezzle Inc. The Motley Fool Disclosure policy.. This article contains only general investment advice (based on AFSL 400691). Approved by Bruce Jackson.

ASX 200 sinks 2.4%, afterpay plummets, AMP jumps on Friday, February 26, 2021

Source link ASX 200 sinks 2.4%, afterpay plummets, AMP jumps on Friday, February 26, 2021

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