S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) opened strongly this morning reaching an intraday high of 6,115.7 or up 0.8% early but has since come off to 6,086.8 (+0.3%) around lunch.
As earnings season continues with a number of companies reporting today, Bank of Queensland Ltd (ASX:BOQ) and Bingo Industries Ltd (ASX:BIN) have attempted to steal the show with downgrades to their outlooks.
Waste Management company BIN has been crucified by investors, trading down 45% at midday to $1.25, after downgrading EBITDA growth to flat (no growth) for FY19 from EBITDA growth of 15-20%.
Similarly, BOQ is down 6.6% to $9.29 at lunch after it revealed cash earnings for its half-year (which ends 28 February 2019) are expected to be lower than the prior corresponding period.
ANN, GWA, IMD, NWL, RHP trading up early
Ansell Ltd (ASX:ANN), which manufactures protective industrial and medical gloves and condoms, is one of today's biggest winners trading up 3.3% to $25.02 during the mid-session.
GWA Group Ltd (ASX:GWA) is up 5.0%, Imdex Limited (ASX:IMD) is up 0.8%, Netwealth Group Ltd (ASX:NWL) is up 2.0% and Rhipe Ltd (ASX:RHP) is up 7.7%.
BXB, HLO, ISU, NHF, SIQ trading down early
Mid-Session 18 Feb 19: Shares lift on US-China trade hopes pic.twitter.com/ZnUDCEw6jD
— CommSec (@CommSec) February 18, 2019