AU Morning Wrap: ASX Falls; Carsales, JB Hi-Fi Rally

The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ was Friday's worst major index performer, falling 0.7% to a one-month low. The $S&P 500 Index (.SPX.US)$ slid 0.1% and the $Dow Jones Industrial Average (.DJI.US)$ added 0.3%.

The $S&P/ASX 200 (.XJO.AU)$ tumbled 0.4 per cent, or 30 points, to 7310.1 in the opening minutes of trade on Monday, weighed by losses in the industrials and financials sectors.

$CAR Group Ltd (CAR.AU)$ jumped 2.7 per cent to $25.28 following its full-year results which showed its profit quadrupled to $646 million.

$JB Hi Fi Ltd (JBH.AU)$ firmed 1.6 per cent to $47.97 after reporting a 4.3 per cent jump in revenue last year to $9.63 billion which was higher than some estimates.

$Bank of Queensland Ltd (BOQ.AU)$ eased 0.3 per cent to $5.99 on news chief executive Patrick Allaway will continue in his role.

$Centuria Industrial REIT (CIP.AU)$: Centuria Industrial REIT, which owns a $4 billion portfolio of logistics assets, swung to a statutory loss of $77 million over the 12 months to June 30 after writing down asset values by $153.6 million or 2.1 per cent over the 2023 financial year.

$Bendigo and Adelaide Bank Ltd (BEN.AU)$: Bendigo and Adelaide Bank lifted cash profits 15.3 per cent to a record $576.9 million, and pushed its full-year dividend up to 61c per share in the 2023 financial year.

$Lendlease Group (LLC.AU)$: Lendlease reported a statutory loss after tax of $232 million for the year ended June 30, largely due to a $295 million provision because of industry-wide action by the UK government relating to residential buildings.

$Beach Energy Ltd (BPT.AU)$: Gas producer Beach Energy reported a 24 per cent drop in full year profit on Monday, hurt by lower domestic gas production and sales on the east coast

Trading Ex-div: $Euroz Hartleys Group Ltd (EZL.AU)$, $Suncorp Group Ltd (SUN.AU)$

Dividends Paid: $Nickel Industries Ltd (NIC.AU)$, $Mayfield Group Holdings Ltd (MYG.AU)$, $Charter Hall Long WALE REIT (CLW.AU)$