JHX

James Hardie Industries plc

19.94
USD
1.32%
19.94
USD
1.32%
19.41 41.85
52 weeks
52 weeks

Mkt Cap 8.88B

Shares Out 445.13M

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Australian shares rise on mining boost as BHP declares record dividend

Aug 16 (Reuters) - Australian shares rose on Tuesday, supported by heavyweight banks and strong performances from mining stocks following global miner BHP Group's record dividend and upbeat earnings. The S&P/ASX 200 index .AXJO was up 42.5 points or 0.6% at 7,106.8, as of 0035 GMT. The benchmark closed 0.5% lower on Monday. Elsewhere, Japan's Nikkei .N225 was down 0.3% while S&P 500 E-minis futures EScv1 were down 0.2%. BHP BHP.AX, the world's largest miner by market value, declared a record dividend on higher annual profit, owing to strong commodity prices and higher sales from its Western Australia iron ore operations. The stock surged as much as 5.5%, versus a 0.5% gain in the broader mining sector index .AXMM. Other industry heavyweights Rio Tinto RIO.AX and Fortescue Metals Group FMG.AX traded marginally higher. Financial stocks .AXFJ rose 0.8%, helped by three of the country's "Big Four" banks rising between 0.1% and 0.6%. Energy firms .AXEJ, however, provided a counterweight as they slipped 0.9%, with weak data from China weighing on oil prices. Shares of Woodside Energy WDS.AX fell 2.1%. O/R Top loser in the benchmark index was investment manager Challenger Ltd CGF.AX, which shed 11.9% in its worst session since April 2021 after reporting a lower full-year profit. Fibre cement maker James Hardie Industries JHX.AX slashed its annual profit forecast on account of a slowing housing market. Shares of the company were trading 1.8% lower. Shares of Tassal Group TGR.AX hit their highest level since August 2019 after the aquaculture firm said it had accepted a buyout bid from Canada's Cooke Inc, at an enterprise value of A$1.70 billion ($1.19 billion). New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.3% to 11,829.53. ($1 = 1.4263 Australian dollars) (Reporting by Harshita Swaminathan; Editing by Sherry Jacob-Phillips) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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