Monthly Archives - August 2019

IT sector adds the most this week, 6%: Aus shares rise for 2nd week, this time adding 1.2%

30 Aug 2019 - Four days of straight gains and benchmark ASX200 now about 4% away from the all-time high hit late July. Australian dwellings approvals fall 9.7%, vs flat result expected. Austal Ltd (ASX:ASB) shares jump on record revenue and profit. Resolute Mining (ASX:RSG) attributable profit lifts 9%. ACCC takes action against BlueScope Steel (ASX:BSL).

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Information Technology sector bolsters market: ASX tracking 1.2% higher at noon

30 Aug 2019 - The ASX opened higher and continued to rise throughout the morning now tracking at 1.2% higher at noon. The market has been bolstered by the Information Technology sector. Lithium miner Galaxy Resources (ASX:GXY) shares have slipped after reporting a huge half-year loss. Recce Pharmaceuticals (ASX:RCE) receive a successful grant application for a Research Hub in Sydney.

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Link Admin shares on the up after pleasing NPAT: ASX closes 0.1% higher

29 Aug 2019 - The ASX fell throughout the day managing to gain momentum before the close to close at 0.1% higher. Financial company Link Administration Holdings (ASX:LNK) shot up over 10% today after reporting their NPAT was up 123% for the year. System solutions providers Objective Corp (ASX:OCL) has been awarded a $38 million contract with City of Gold Coast to continue their digital transformation.

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US/China trade talks to resume: ASX set to open higher

30 Aug 2019 - Optimism resumed on the markets as President Donald Trump announced that the US and China are scheduled to have a conversation about trade today. The Dow surged more that 300 points. The ASX looks set to open higher this morning. Lithium miner Galaxy Resources (ASX:GXY) reported a huge half-year loss due to its flagship Mt Cattlin project.

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