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Market wraps 12th May 2020

Morning Bell - Jessica Amir

The Australian share market is now officially back in bull market territory, after rising 1.3% yesterday, which takes the total rally from the March low to 20%. Today, the futures are suggesting that the market will fall around 0.4% at the open following a mixed session on global markets.

What to watch today:

  • Packaging company, Amcor (ASX:AMC) just reported quarterly results noting its integration of its takeover of Bemis, is continuing ahead of expectations.
  • Circuit board company, Altium (ASX:ALU) announced Coronavirus restrictions are likely to hit 4Q performance. ALU shares have gained 22% in weeks.

Reporting results today include:

  • AusNet Services (ASX:AST)
  • CSR Ltd (ASX:CSR)
  • Incitec Pivot Ltd (ASX:IPL)