Hello, I'm Holly and thanks for joining me on Kalkine TV for The Early Trade Show.
The (1) S&P/ASX200 was up today, gaining 89.50 points or 1.35% in the
first trading session. The top performing stocks in this index were cloud management
company Megaport up by 30.14% and online sports betting company Pointsbet up by 7.57%.
Over the last five days, the index has gained 1.77%, but was down 9.48% for the last year to
date. Today 10 of 11 sectors were higher along with the S&P/ASX 200 Index, out of which
(2) utilities was the best performing sector, gaining 0.70% today and 3.11% for the past
five days.
Now, Let's look at some of the stocks making a buzz today in the opening session of ASX.
Today, one of the world's largest developers and operators of private toll roads, (3) Atlas
Arteria, announced its toll revenue and traffic statistics for the June quarter. The weighted-average
traffic was 21.2% higher, and weighted-average toll revenue was up 18.9%, which resulted
in continued strong traffic performance at its APRR toll group throughout the quarter.
The company currently owns a 31.14% interest in France's APRR toll road group. (4) The
toll revenue for the second quarter in 2022 was 18.9% higher than prior year. Also, traffic
at the Dulles Greenway, a 22-kilometre toll road near Washington DC, in the June quarter
was 7.2% higher than the same period last year.
Moving on, BKI Investment Company announced the group’s results for 30 June 2022. The
business witnessed an increase of 63% in operating results after tax, excluding special dividends
of $58.1 million, and a rise of 175% in net profit after tax and including special dividends
of $100.8 million. (5) BKI recorded a 58% increase in ordinary revenue from its investment
portfolio, and its special investment revenue was significantly higher. Its the financial
year 2022, basic earnings per share, including special investment revenue, increased 173%
to 13.60 cents per share from 4.97 cents per share in 2021. (6) The BKI Board has declared
a final ordinary dividend of 3.65 cents per share and a final special dividend of 1.00
cents per share. Both dividends will be fully franked. The total dividends paid for the
financial year 2022 are 8.65 cents per share, up 73% from last year.
Lastly, (7) gambling and entertainment company The Star Entertainment Group today
announced the appointment of Scott Wharton as Chief Executive Officer of The Star Sydney
and Group Head of Transformation. Wharton joins The Star from the Commonwealth Bank
of Australia, where he was a member of executive leadership team as Group Executive for its
program delivery segment. The newly appointed CEO will report to The Star Entertainment
Group’s incoming CEO and Managing Director, Robbie Cooke.
As the ASX started trading in the green territory, here are few top gainers from the opening
session on ASX today. (8) Megaport up by 28.44%, Pointsbet up by 7.57% and investment
manager Magellan Financial Group up by 4.63%. ASX stocks that were bleeding in red included,
gold mining companies (9) Perseus Mining down by 2.40%, Northern Star Resources down
by 1.92% and global investment management business Pendal Group down by 1.58%.
ALRIGHT that's all for this edition of EARLY TRADES, another episode coming your way until
than make sure to keep it locked on Kalkine TV for the latest market insights and business
news. I'm Holly, signing off for now.