Mid-Session 24 Feb 21: ASX 200 retreats as market weighs earnings results

The Aussie market is erasing a healthy chunk of Tuesday’s improvements, with the ASX 200 down more than  0.5 per cent at lunch. The equity market is being held back partly by profit taking from major mining stocks like BHP, Rio Tinto (RIO), Fortescue Metals (FMG) and gold producers, which all rose on Monday and Tuesday. A number of stocks trading ex-dividend are also weighing, including Telstra, Downer, AGL, Iress and Fletcher Building.

 

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