ASX narrowly ahead as banks sag; Afterpay above $95; Woolies climbs

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ASX narrowly ahead as banks sag; Afterpay hits $95; Woolies climbs

Summary

  • The ASX was narrowly ahead at Thursday's open after another strong overnight performance by US stocks. Financials were lower but mining and health stocks gained.  
  • Afterpay reported a 97% increase in revenue to $519.2m and net loss of $22.9m compared to a $43.8m loss a year ago. Shares in the company topped $95 at the open
  • Woolworths cut its final dividend from 57 cents to 48 cents per share, payable on October 6. FY profit fell 20% on $600m in one-off costs
  • ANZ chairman David Gonski is retiring from the bank’s board after more than six years in the role, with former Optus chief Paul O’Sullivan to be the bank’s next chairman

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