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ASX snaps four-day winning streak but gold shines bright: Aus shares close 0.3% lower

13 Aug 2019 – Argentina sell-off, Wall Street slip, 2016-year old US bonds and HK protests cap gains. NAB Business Survey for July cites below average conditions and no signs of improvement. Johns Lyng Group (ASX:JLG) snaps up controlling stake in Bright & Duggan Group for $13.8m, shares up 32% YOY. Challenger (ASX:CGF) shares two-month high as profit in line with expectations. Magellan (ASX:MFG) profit soars 80%, it launches a new fund. Centuria Capital (ASX:CNI) approaches ASX300, profit rises.

Source: Finance News Network

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