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ASX 200 jumps 0.7%: ANZ half year results, Nearmap jumps

Australia and New Zealand Banking GrpLtd (ASX:ANZ) and Nearmap Ltd (ASX:NEA) shares are making a splash on the ASX 200 on Wednesday…
The post ASX 200 jumps 0.7%: ANZ half year results, Nearmap jumps appeared first on The Motley Fool Australia. –

A man with a yellow background makes an annoncement, indicating share price changes on the ASX

At lunch on Wednesday, the S&P/ASX 200 Index (ASX: XJO) hasn’t let weakness on Wall Street from stopping it from storming higher. The benchmark index is currently up 0.7% to 7,118.3 points.

Here’s what is happening on the market today:

ANZ half year results

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is trading lower on Wednesday following the release of its half year results. For the six months ended 31 March, ANZ reported a statutory profit after tax of $2,943 million and cash earnings from continuing operations of $2,990 million. This was up 45% and 28%, respectively, on the second half of FY 2020. This allowed the bank to declare a fully franked interim dividend of 70 cents per share.

Nearmap share price jumps

The Nearmap Ltd (ASX: NEA) share price is rocketing higher today. Investors have been fighting to get hold of its shares after it revealed that its performance has been stronger than expected since the end of the first half. Nearmap now expects to deliver annual contract value (ACV) of $128 million to $132 million in FY 2021. This compares to its previous guidance of $120 million to $128 million. It will also be a 20% to 24% increase on FY 2020’s ACV of $106.4 million.

Amcor Q3 update

The Amcor CDI (ASX: AMC) share price is pushing higher following the release of its third quarter update. For the nine months ended 31 March, the packaging company reported a 12% increase in net income to US$805 million. Adjusted earnings per share came in at 51.5 US cents per share, up 16% on a comparable constant currency basis. This was driven by a modest increase in sales and improving margins.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Wednesday has been the Nearmap share price with a 14% gain following its trading update. The worst performer has been the Flight Centre Travel Group Ltd (ASX: FLT) share price with a 4% decline. Investors have been selling the travel agent’s shares following its Q3 update.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Nearmap Ltd. The Motley Fool Australia owns shares of and has recommended Amcor Limited. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post ASX 200 jumps 0.7%: ANZ half year results, Nearmap jumps appeared first on The Motley Fool Australia.

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