Monthly Archives: December 2017

Profit taking sees ASX200 lose 0.4% today, but gain 7.1% on year

29 Dec 2017 - Market Wrap Report: Selling before New Year’s Eve sees ASX200 slip 5 points over week. Credit Suisse became a substantial shareholder of Dreamworld and theme park owner, Ardent Leisure (ASX:AAD). UBS Group took the opportunity to become a substantial holder of Tabcorp (ASX:TAH), taking its holding to 8.83 per cent. QBE Insurance Group (ASX:QBE) settled a shareholder class action, agreeing to pay $132.5 million. And MMJ PhytoTech (ASX:MMJ) has finalised its C$2 million investment in [...]

Erasing yesterday’s gains: Selling drags ASX 0.3% lower at noon

29 Dec 2017 - Market at Midday Report: The ASX200 is 0.3 per cent lower at noon, erasing yesterdays gains with traders collecting their profits and selling down across all sectors, except mining. UBS Group took the opportunity to buy become a substantial holder of Tabcorp (ASX:TAH), taking its holding to 8.83 per cent. The Commonwealth Bank of Australia (ASX:CBA) sold out of FlexiGroup (ASX:FXL), which it was a substantial holder of and quickly bought the shares back. Click [...]