Yearly Archives - 2020

Record highs in reporting season: Aus shares lift 1.8% by closing bell

10 Aug 2020 - It has been a positive day of trade for the Australian share market with the local bourse inclining steadily throughout the day to close in the green 1.8% higher. The banks led the pack and a long list of companies traded at record highs on the back of their investor updates, including Mesoblast. Kogan, Ansell, Sonic Healthcare, NextDC and Adairs. PAS Group (ASX:PGR) announced today it will sell its iconic Australian JETS Swimwear business to...

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Reporting season rolls in: Aus shares 1.2% higher at noon

10 Aug 2020 - The Australian share market lifted at the open as financial year reports roll in and is now tracking 1.2 per cent higher at noon. Banks and REITs have lifted while miners are lacking, but all sectors are in the green by noon. Sigma Healthcare (ASX:SIG) has executed contracts to sell two distribution centres for $172 million.

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US job growth lifts confidence slightly: Aus shares to open in the green

10 Aug 2020 - Following mixed leads from Wall Street, the Australian share market looks set to start the week in the green. The greenback bounced on the back of better-than-expected US job growth. Charter Hall Long WALE REIT (ASX:CLW) reported a 72% rise in operating earnings to $121.9 million in its full-year results on Friday. Insurance Australia Group (ASX:IAG) delivered a net profit result of $435 million for FY2020, down 60% on the previous year.

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RBA pessimism infects market: Aus shares rise 1.3% over week

07 Aug 2020 - The ASX dropped in early trade and tracked sideways for most of the afternoon despite gains on Wall Street overnight and strong prices for gold and iron ore. The Reserve Bank of Australia warns that the Australian economy will take longer to recover that previously anticipated. 4DMedical (ASX:4DX) floated today with an impressive bang. Eligibility requirements for the JobKeeper extension are being relaxed to make it easier for businesses and staff to qualify. The changes...

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4DMedical (ASX:4DX) IPO soars: Aus shares 0.4% lower at noon

07 Aug 2020 - The Australian share market is down 0.4 per cent this morning after the Reserve Bank of Australia downgraded its forecasts for global GDP and Australian employment. Credit Suisse rates Centuria Office REIT (ASX:COF) as an Outperform, with a 12-month price target of $2.14. Worley (ASX:WOR) has been awarded a master construction services agreement by Corpus Christi Liquefaction LLC.

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