Page 2 - ரெஜிஸ் வளங்கள் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Here are 3 of the most heavily traded ASX 200 shares this Thursday
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5 things to watch on the ASX 200 on Thursday 29 July 2021
fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Regis Resources Limited (ASX: RRL) after the gold price tumbled overnight. According to CNBC, the spot gold price is down 0.4% to US$1,804 an ounce. The precious metal dropped to a one-week low after risk appetite increased and safe haven assets fell out of favour.
South32 rated as a buy
The
South32 Ltd (ASX: S32) share price remains great value according to analysts at Goldman Sachs. Despite a mixed end to the financial year, the broker has retained its conviction buy rating but lowered its price target slightly to $3.70. It has retained its buy rating on valuation grounds, its strong free cash flow outlook, and the prospect of increased capital returns.
Regis Resources Limited (ASX: RRL) after the gold price rose overnight. According to CNBC, the spot gold price is up 1% to US$1,828.50 an ounce. The precious metal pushed higher after the US Federal Reserve reassured investors that it would continue with its accommodative monetary policy despite a strong inflation reading.
ARB update
The
ARB Corporation Limited(ASX: ARB) share price will be one to watch on Thursday following the release of a market update by the 4×4 parts manufacturer. ARB reported a 33.9% increase in unaudited sales revenue to $623 million for FY 2021. On the bottom line, it expects its full year profit before tax to be within the range of $145 million to $150 million. This will be an increase of 85.5% to 92% on FY 2020’s $78.1 million.
5 things to watch on the ASX 200 on Thursday 8 July 2021
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