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    BSL   AU000000BSL0

BLUESCOPE STEEL LIMITED

(BSL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/21
21.54 AUD   -1.42%
09/20BLUESCOPE STEEL : FY2021 Annual Report to shareholders
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09/20BLUESCOPE STEEL : Day 2 BlueScope investor briefing
PU
09/19BLUESCOPE STEEL : investor briefing
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Aussie shares close at record high as miners gain on BlueScope Steel's forecast

07/27/2021 | 02:35am EDT

July 27 (Reuters) - Australian shares registered a record closing high on Tuesday, boosted by mining stocks after BlueScope Steel issued a robust full-year earnings outlook.

The S&P/ASX 200 index rose 0.5% to end at 7,431.4 points, its highest close ever. Earlier in the session, the index hit a record high of 7,447.9 points.

The Aussie benchmark has been "trading in a tight range... waiting for fresh catalysts," said Margaret Yang, a strategist at Singapore-based IG, in a note.

"A major resistance level can be found at around 7,500... the overall trend remains bullish-biased, as suggested by the consecutive higher highs and higher lows formed over the past few months", Yang added.

Adding to the upbeat mood, Victoria state was set to lift a strict lockdown after curtailing the spread of COVID-19. However, neighbouring New South Wales saw daily new cases spike to a 16-month peak.

Among sectors, mining stocks led the gains, with global miners BHP Group and Rio Tinto advancing 2.8% and 1.8%, respectively.

Shares of BlueScope Steel Ltd jumped 6.7% to its highest since October 2008, after the steelmaker predicted that its full-year operating earnings would more than triple to about A$1.72 billion ($1.27 billion).

Energy stocks rose 1.3% as oil prices advanced on bets that tight supply and rising vaccination rates would help offset any impact on demand due to rising virus cases.

Gas explorer Woodside Petroleum gained 1.9% and engineering services provider Worley Ltd was up 3.9%.

Gold miner OZ Minerals jumped more than 9% after reporting a 33% rise in quarterly copper production and raising its full-year gold output forecast.

New Zealand's benchmark S&P/NZX 50 index fell 0.7% to 12,590.3, hurt by losses among utility and healthcare stocks.

(Reporting by Soumyajit Saha in Bengaluru; Editing by Amy Caren Daniel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.28% 0.72458 Delayed Quote.-5.64%
BHP GROUP 0.59% 37.75 End-of-day quote.-11.03%
BLUESCOPE STEEL LIMITED -1.42% 21.54 End-of-day quote.23.23%
LONDON BRENT OIL 1.17% 75.41 Delayed Quote.45.09%
MSCI SINGAPORE (GDTR) -1.00% 6527.826 Real-time Quote.12.58%
OZ MINERALS LIMITED -1.41% 21.71 End-of-day quote.14.99%
S&P/ASX 200 0.32% 7296.9 Real-time Quote.10.04%
WOODSIDE PETROLEUM LTD 1.65% 20.92 End-of-day quote.-8.00%
WORLEY LIMITED -1.08% 9.18 End-of-day quote.-20.10%
WTI 1.32% 71.63 Delayed Quote.48.70%
All news about BLUESCOPE STEEL LIMITED
09/20BLUESCOPE STEEL : FY2021 Annual Report to shareholders
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09/20BLUESCOPE STEEL : Day 2 BlueScope investor briefing
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More news
Financials
Sales 2022 16 206 M 11 748 M 11 748 M
Net income 2022 2 392 M 1 734 M 1 734 M
Net cash 2022 2 218 M 1 608 M 1 608 M
P/E ratio 2022 4,36x
Yield 2022 2,46%
Capitalization 10 628 M 7 679 M 7 704 M
EV / Sales 2022 0,52x
EV / Sales 2023 0,53x
Nbr of Employees 14 000
Free-Float 99,2%
Chart BLUESCOPE STEEL LIMITED
Duration : Period :
BlueScope Steel Limited Technical Analysis Chart | BSL | AU000000BSL0 | MarketScreener
Technical analysis trends BLUESCOPE STEEL LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 21,54 AUD
Average target price 27,18 AUD
Spread / Average Target 26,2%
EPS Revisions
Managers and Directors
Mark Royce Vassella Chief Executive Officer, MD & Director
Tania Archibald Chief Financial Officer
John Andrew Bevan Chairman
Penolope Bingham-Hall Independent Non-Executive Director
Ewen Graham Wolseley Crouch Independent Non-Executive Director