Solid start to week: Aus shares close 0.7% higher
26 Feb 2018 – Good start to the trading week with the ASX heading back towards one year and 10-years. At the closing bell the S&P/ASX 200 index closed 0.7 per cent or 42 points higher at 6,042. Financials, property, telcos and health stocks shone to most. Westpac (ASX:WBC) gained the most out the of the big four, up 1.9 per cent, Lendlease (ASX:LLC) gained 2.2 per cent, and Vocus Group (ASX:VOC) shares gained over 1.7 per cent. Japara Healthcare (ASX:JHC) reported its net profit fell about 30 per cent in the half year. BlueScope Steel (ASX:BSL) reported a fall in underlying net profit, while its sales revenue strengthened, up 7 per cent. Ardent Leisure Group (ASX:AAD) announced theme parks are showing improved trends and its net loss after tax hit $15.6 million for the half year, from $49 million. Spark Infrastructure Group (ASX:SKI) reported a 9.3 per cent rise in its profit. Click for more news.
Source: Finance News Network