Business
ASX frozen due to ‘market issues’; Index rises 1.3% at the open – The Sydney Morning Herald
The ASX has paused trading as the market operator investigates “ongoing market issues”. The benchmark index was at near nine-month highs at the open.
Elders’ underlying profit of $109 million eclipsed market expectations, with Bloomberg consensus forecasting an underlying profit of $101.3 million.
The historic agricultural company sells all kinds of farm merchandise such as fencing equipment, fertilisers and chemicals, runs a real estate division, and provides sales and marketing services for wool, cattle and other farm produce.
Elders’ financial result stands in stark contrast to the performance of many other ASX-listed companies throughout…
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