logo-loader
Proactive Investors Australia

S&P/ASX 200 rises for a third straight session

Santos and Carnarvon Petroleum announced the discovery of a major oil and gas resource off the coast of Western Australia.

shares rising chart
Carnarvon rallied 3.7% to $0.56

S&P/ASX 200 (INDEXASX:XJO) closed up 24 points or 0.4% to 6,383 with gains across the board.

The index finished firmer for a third day, buoyed by optimism of further rate cuts in Australia and in the US.

Major oil and gas discovery

Santos (ASX:STO) and Carnarvon Petroleum (ASX:CVN) announced the discovery of a major oil and gas resource off the coast of Western Australia.

READ: Carnarvon Petroleum appraisal confirms major Dorado oil and gas resource, shares up

Santos CEO Kevin Gallagher said “This is a great result which indicates the Dorado discovery is larger than anticipated and which significantly de-risks a future development.”

Santos rose 1% to $6.72, while Carnarvon rallied 3.7% to $0.56.

Bank of Queensland gains

Bank of Queensland (ASX:BOQ) announced Westpac's outgoing head of consumer banking George Frazis will join on September 5 as managing director and CEO.

The regional lender’s shares closed up 1.0% to $9.44.

Regis Healthcare falls

Regis Healthcare (ASX:REG) fell 6.6% to $2.56 after warning its full-year profit would likely come in at the lower end of its $47-51 million guidance, while also flagging lower earnings for the year ahead.

The company now expects earnings for FY20 to be about $105 million – down from an expected $113 million in FY19 – due to expenses from regulatory changes.

Quick facts: Proactive Investors Australia

Price: £0.00

Market: ASX
Market Cap: £0.00
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

'May only be a matter of time' before Uranium price recovery with...

Mining Capital's Alastair Ford discusses the planned slow down in production from Kazatomprom (LON:KAP). The miner's looking to cut output from its Kazakh mines by around 20% through to 2021. He says that extends the timeframe of its previous production curtailment by a further year, and...

8 hours, 34 minutes ago

RNS

Issuance of Securities

2 hours, 13 minutes ago

Director/PDMR Shareholding

2 hours, 37 minutes ago

Form 8.3 - TAKEAWAY.COM HOLDING BV

3 hours, 24 minutes ago

Form 8.3 - Just Eat plc

3 hours, 34 minutes ago

Form 8.3 - [Allergan plc]

3 hours, 35 minutes ago

Form 8.3 - Barrick Gold Corporation

3 hours, 36 minutes ago

2 min read