At lunch on Friday the benchmark S&P/ASX 200 index has given back its morning gains and edged 2 points lower to 6,336.1 points.
Here's what has been happening on the market today:
Macquarie results.
The Macquarie Group Ltd (ASX: MQG) share price has sunk 6% lower after the release of its full year results. Although the investment bank reported a 17% increase in full year profit to a record of $2,982 million, its guidance for next year appears to have spooked the market. Management advised that profit is expected to be slightly lower in FY 2020.
Afterpay shares hit an all-time high.
The Afterpay Touch Group Ltd (ASX: APT) share price raced to an all-time high of $28.25 this morning after the payments company provided an update on its U.S. receivables warehouse facility. According to the announcement, the company has signed a US$300 million receivables funding facility with Citi to support the expansion of its U.S. business. This will support in excess of US$4 billion in annual underlying sales in the U.S. market.
ResMed shares higher.
The ResMed Inc. (ASX: RMD) share price has stormed 6.5% higher after the release of its third quarter update. ResMed reported a 12% increase in quarterly revenue to $662 million, or 15% on a constant currency basis. This was driven by top-line revenue growth across all categories of the ResMed business.
Janus Henderson shares crash lower.
The Janus Henderson PLC (ASX: JHG) share price has crashed 9.5% lower following the release of a disappointing first quarter update. The asset manager reported first quarter net income of US$94.1 million, which was down 43% on the prior corresponding period.
Best and worst performers.
The best performer on the ASX 200 index on Friday has been the Orocobre Limited (ASX: ORE) share price with an 8.5% gain. Investors may be buying lithium miners due to the prospect of increased merger and acquisition activity in the industry. The Janus Henderson share price has been the worst performer on the ASX 200 with a decline of 9.5%, followed by Macquarie with its 6% decline.
