Monthly Archives - September 2020

Aus shares rebound: CSL pushes higher after news of government funding for COVID-19 vaccine

07 Sep 2020 - Australian shares are bouncing back from a dip at the open. CSL has risen almost 1 per cent on news of its COVID-19 supply deal with the Federal Government. BHP Group has risen 2.5 per cent and Rio Tinto is up almost 3 per cent. The S&P/ASX 200 index is 25 points up or 0.4 per cent higher at 5950. On the futures market the SPI is 33 points higher.

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Aus shares to open lower: tech slide continues

07 Sep 2020 - Local shares are expected to open lower this morning however the rate of losses is expected to be much more moderate than Friday’s retreat. The Victorian Government’s extension of its lockdown may lead to more domestic economic concerns as hundreds of businesses remain closed.

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Tech sector down 5.6% today: Aus shares lose 2.5% over week

04 Sep 2020 - The Australian share market plunged in early trade, dragged down by Aussie tech stocks and tracked sideways for most of the day to finish 3.1 per cent lower. Tech stocks shed 5.6 per cent today and every sector lost 1.7 per cent or more. Meanwhile, iron ore continues to trade at 6-year highs. Macquarie expects vehicle leasing and salary packaging company, Eclipx Group (ASX:ECX) to outperform, assigning it a 12 month price target of $1.70.

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Tech stock sell off: Aus shares 2.7% lower at noon

04 Sep 2020 - Plunging Aussie tech stocks have dragged the ASX 200 2.7% lower this morning. This followed a sharp decline in US tech stock on Wall Street overnight. All of the sectors are in the red this morning, with Information Technology dropping over 4%. 360 Capital Digital Infrastructure Fund (ASX:TDI) has agreed to take a $25 million stake in the Macquarie Infrastructure and Real Assets-led consortium.

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