Monthly Archives - May 2021

Israel & Hamas agree to ceasefire: Aus shares to open higher

21 May 2021 - The Australian sharemarket is set to rise at the open, in the wake of strong claw-backs on Wall Street amidst optimistic global sentiment. All US benchmarks closed in positive territory and snapped Wall Street’s three-day run of losses, as encouraging unemployment data enticed stateside investors to re-enter the hunt for bargain-buying opportunities.

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Complii FinTech Solutions (ASX:CF1) streamlining procedures

20 May 2021 - Complii FinTech Solutions Limited (ASX:CF1) Executive Chairman Craig Mason talks about how the company's digital platform provides an electronic centralised framework to manage AFSL-centric (Stockbroker/Financial Planner/Adviser) workflows for compliance, capital raising and operational efficiencies.

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Wall St falls in wild session: ASX to edge higher

20 May 2021 - The ASX is to edge higher following Wall St closing its third straight session in the red. The market downturn was triggered on the back of China’s regulators crackdown on cryptocurrency, warning financial institutions to not participate in any crypto-related business. Adding to the sell-off, the US Federal Reserve minutes were released which showed first signs that the central bank might tighten policy if the economy shows “rapid” progress. Macquarie downgrades St Barbara (ASX:SBM). Auckland...

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Wall St trips as tech dips: ASX to open higher

18 May 2021 - The ASX is to open higher despite Wall St’s pullback led by technology shares. All three indexes closed in the red as inflation fears continued to linger. Morgan Stanley upgrades Treasury Wine Estate (ASX:TWE) and Ord Minnett upgrades TPG Telecom (ASX:TPM).

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Melbana Energy (ASX:MAY) – key milestones achieved at its Cuban, Block 9 – World Class Exploration Acreage

17 May 2021 - Melbana Energy Limited (ASX:MAY) Executive Chairman Andrew Purcell provides an update on the company's key Cuban onshore oil project, including preparation for its two exploration well program scheduled for Q3 2021 and its sale of WA-488-P permit (containing the Beehive Prospect) to a wholly owned Australian subsidiary of the US company EOG Resources, Inc (NYSE:EOG).

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