Yearly Archives - 2020
04Aug

Retail resilient despite shutdowns: Aus shares 2.1% higher at noon

04 Aug 2020 - The ASX lifted at the opening bell, rising more than 2 per cent to above 6,000, fuelled by tech stocks and a lift in the major banks. All sectors are in the green, even though retail faces a tough term ahead as non-essential bricks-and-mortar stores are forced to shut down in Melbourne for at least six weeks. JB HI-FI (ASX:JBH) will temporarily close its bricks-and-mortar JB HI-FI and The Good Guys stores across metropolitan Melbourne...

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04Aug

Victorian businesses assess the imact of stage 4 restrictions: ASX set to leap higher

04 Aug 2020 - There was a strong tech rally in the US overnight pushing the ASX to leap upwards this morning. Overnight Apple Inc. set an all-time high and Microsoft Corp. shares gained despite being embroiled in controversy over the video app TikTok. President Donald Trump wants them to buy the Chinese-owned company in its entirety, and suggested the company should pay the US Treasury as part of the deal. Back home, Reliance Worldwide Corporation (ASX:RWC) is assessing...

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03Aug

Market flatlines amid tougher restrictions: Aus shares close flat

03 Aug 2020 - After a sharp decline this morning due to a slump in the big banks, the market recovered just before midday lifted by health care and gold producers but and flatlined until the closing bell. The market is unsettled amid stricter restrictions for South Australia announced this afternoon, which comes as more cases emerge, and as Victoria enters a tougher lockdown. Magellan Financial Group (ASX:MFG) announced it plans to consolidate its three core global equities trusts...

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03Aug

Big banks drop: Aus shares flat at noon

03 Aug 2020 - The Australian share market dropped sharply at the open mainly due to the big banks falling but has recovered with a rise in the health sector and is now tracking almost 0.1 per cent higher at noon. The Covid-19 restrictions in Victoria have hit travel companies including Qantas (ASX:QAN) and Flight Centre (ASX:FLT). However, Alliance Aviation (ASX:AQZ) shares are up after expanding its fleet. SEEK (ASX:SEK) will dump its final dividend in an effort to...

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