Monthly Archives - October 2020

President Trump contracts Covid-19: Aus shares close 1.4% lower

02 Oct 2020 - The Aussie dollar has toppled, and US futures are looking bleak after confirmation that President Donald Trump and First Lady Melania Trump have contracted Covid-19. The session ended 1.4% lower as investors digested what the inevitable instability and uncertainty would mean for the Aussie market. All of the sectors finished in the red.

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Mesoblast (ASX:MSB) hits approval hurdle: Aus shares 0.9% lower at noon

02 Oct 2020 - The Australian share market opened lower and continued to sink in early trade. Most of the sectors have lost ground this morning, with energy stocks weighing heaviest on the market. Shares in regenerative medicine darling Mesoblast (ASX:MSB) tumbled around 40% this morning after news that the US FDA approval for its lead drug candidate was not going to be the smooth sailing investors had hoped for.

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Select Harvests (ASX:SHV) to snap up Piangil Almond Orchard: Aus shares tipped to open lower

02 Oct 2020 - Aussie shares are tipped to slide at the open following news that the US Republicans and the Democrats are still far from reaching a deal for a fiscal-stimulus package. Demand for oil prices has been dampened by oversupply fears, sluggish economic growth and a resurgence in Covid-19 cases in Europe. Select Harvests (ASX:SHV) has agreed to purchase Piangil Almond Orchard for around $129 million.

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Great rally for the fourth quarter: ASX closed 1% higher

01 Oct 2020 - It has been a positive day of trade for the ASXt, with a great start to the fourth quarter. The local bourse managed to close almost 1 per cent higher. Shares in plumbing supplies group Reliance Worldwide (ASX:RWC) shot up today after reporting strong first quarter sales in its US business. Aeris Environmental (ASX:AEI) has successfully partnered with SABCO, an Australian company specialising in cleaning and garden products for over a century.

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Job vacancies rise 59.4% from May: ASX tracking 1.5% higher at noon

01 Oct 2020 - The ASX rose at the open is now tracking 1.5% higher at noon. Shares in plumbing supplies group Reliance Worldwide (ASX:RWC) have shot up today after reporting strong first quarter sales in its US business. Meanwhile, shares in Omni Bridgeway (ASX:OBL) are falling this morning. OceanaGold Corporation (ASX:OGC) has entered into an agreement with a syndicate of underwriters to raise $157 million.

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