Monthly Archives - February 2020

Link Administration (ASX:LNK) help push tech sector lower: ASX closed 0.8% lower

27 Feb 2020 - The ASX closed 0.8% lower - another day ending in the red. Adelaide Brighton (ASX:ABC) shares did well today as a number of analysts upgraded them. Link Administration (ASX:LNK) shares fell after their company released their half-year results. Digital medication management company MedAdvisor (ASX:MDR) reported record operating revenue of $4.4 million, up 14.4% on the pcp.


Capital expenditure falls 2.8% in the December quarter: ASX tracking 0.8% lower at noon

27 Feb 2020 - The ASX failed to maintain momentum this morning where it rose slightly in early trade, dipping to now track 0.8% lower at noon. Shares in the a2 Milk Company (ASX:A2M) rose after they released their pleasing half year figures. Link Administration (ASX:LNK) shares fell. The best-performing sector is Healthcare, while the worst performing sector is Energy. AP Eagers (ASX:APE) is to sell the AHG Refrigerated Logistics division to Anchorage Capital Partners for $100 million.


AUD continues to struggle against the USD amid virus fears: ASX poised to open lower

27 Feb 2020 - The ASX looks set to open lower as US stocks fell for the fifth day. Treasury ten year note yields dropped. The NASDAQ did manage rise as the US markets swung into afternoon trade. On the commodities front, crude oil dropped below $50 a barrel. Lynas Corporation (ASX:LYC) is pleased to confirm that Lynas Malaysia has received a new three year operating licence.