Yearly Archives - 2020

Banks lead the advance in catch-up rally: ASX closed 1.8% higher

0306 Jun 2020 - It has been a positive day of trade for the ASX after a rise at the open the local bourse managed to gain momentum closing 1.8% higher. Banks blostered the market today following GDP and building approvals data from the ABS earlier today. Ingenia Communities Group (ASX:INA) has increased its Security Purchase Plan (SPP) offer to $28 million, above the original target of $25 million.

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Gross Domestic Product fell 0.9% in the March quarter: ASX tracking 0.3% higher at noon

03 Jun 2020 - The ASX shot up at the open and is now tracking almost 0.9% higher at noon. Banks are performing well so far this morning following GDP and building approvals data from the ABS earlier today. Shares in SkyCity (ASX:SKC) rose as they announced they expect total annualised cost savings of around NZ$50m. Infigen Energy (ASX:IFN) is considering its response to the off-market takeover proposal from UAC Energy Holdings.

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AUD jumps 1.5% against the USD: ASX poised to open higher

03 Jun 2020 - Following gains from US markets overnight, the ASX looks set to open higher this morning. Around the world stock markets have hit their highest levels since March as signs of a global economic recovery from Covid-19 offset concerns over civil unrest in the US. Back home, the Aussie dollar lifted by another 1.5% overnight, a level not seen since mid-January. SkyCity (ASX:SKC) expects total annualised cost savings of around NZ$50 million.

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RBA keeps interest rates on hold at 0.25%: ASX closes 0.3% higher

02 Jun 2020 - It has been an up and down day of trade for the Australian share market, which closed 0.3 per cent higher. Shopping centre company Unibail-Rodamco-Westfield saw their shares rise today after opening 65 of 90 centres after Covid-19 restrictions were eased. Shares in Vicinity Centres (ASX:VCX) are down after they raised $1.2 billion in a fully underwritten placement. The information technology sector bolstered the market today. Zip Co (ASX:Z1P) looks to buy New York-based buy...

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Australia records another current account surplus: ASX tracking 0.1% lower at noon

02 Jun 2020 - The ASX saw a bit of a rollercoaster ride this morning, dipping again in mid morning trade to now be tracking 0.1% lower at noon. Shares in Vicinity Centres (ASX:VCX) are down after they raised $1.2b in a fully underwritten placement. Meanwhile, shares in Domain Holdings (ASX:DHG) rose as did shares in Perenti Global (ASX:PRN). Evolution Mining (ASX:EVN) has confirmed it is looking into the sale of its Cracow gold mine.

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Vicinity Centres (ASX:VCX) completes $1.2b placement

02 Jun 2020 - Vicinity Centres (ASX:VCX) has successfully completed a fully underwritten placement of fully paid new stapled securities to institutional and professional investors, at the offer price of $1.48 per New Security details of which were announced to ASX on 1 June 2020.

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