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ASX 200 midday update: BHP sinks, Flight Centre expansion

It has been a red day for the ASX 200…
The post ASX 200 midday update: BHP sinks, Flight Centre expansion appeared first on The Motley Fool Australia. –

At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to record a sizeable decline. The benchmark index is currently down 1% to 7,452.2 points.

Here’s what is happening on the ASX 200 today:

BHP shares go ex-dividend

The BHP Group Ltd (ASX: BHP) share price is falling heavily today after trading ex-dividend. Last month the Big Australian released its full year results and declared a record fully franked final dividend of 200 US cents or 273.6 Australian cents per share. This dividend will now be paid to eligible shareholders later this month on 21 September.

Flight Centre expansion

The Flight Centre Travel Group Ltd (ASX: FLT) share price is trading lower today despite announcing its expansion into the Japan corporate travel market. According to the release, its leading FCM travel management business will enter Japan in January via a joint venture (JV) with Tokyo-based NSF Engagement Corporation. The company notes that the Japanese market is the world’s fourth largest corporate travel market.

UBS remains bearish on Zip

The Zip Co Ltd (ASX: Z1P) share price is pushing higher despite being the subject of a bearish broker note out of UBS. According to the note, the broker has retained its sell rating and trimmed its price target on the buy now pay later provider’s shares to $5.40. UBS has downgraded its earnings estimates to reflect higher operating costs.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Thursday has been the Nuix Ltd (ASX: NXL) share price with a 4.5% gain. This is despite there being no news out of the investigative analytics and intelligence software provider. The worst performer has been the BHP share price with a 7% decline after going ex-dividend.

The post ASX 200 midday update: BHP sinks, Flight Centre expansion appeared first on The Motley Fool Australia.

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More reading

Why the A2 Milk (ASX:A2M) share price has underperformed the ASX 200 in the last year
Why the BHP (ASX:BHP) share price is down 7% today
ASX energy shares on watch after OPEC’s latest move

Here’s why the BHP (ASX:BHP) share price is down 7% today
Flight Centre (ASX:FLT) share price falls despite expansion news

Motley Fool contributor 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 and has recommended ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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