Author - Craig Foley

Housing market recovers faster than expected: Aus shares close 0.1% higher

02 Jan 2020 - The ASX 200 opened lower, had a tumultuous start to the day but managed to stabilise over the afternoon after housing market data indicated a faster recovery than expected. Diversified mining explorer and producer, Independence Group (ASX:IGO) is granting all Panoramic (ASX:PAN) shareholders who accepted their hostile takeover offer the right to withdraw their acceptance.

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Wattle (ASX:WHA) rights issue falls short: Aus shares flat at noon

02 Jan 2020 - The Australian share market opened lower rebelling against positive leads from the US and is now tracking 0.04% lower at noon. Organic baby formula company, Wattle Health Australia (ASX:WHA) was unable to secure the $55 million funding, required as the minimum offer amount to purchase nutritional dairy manufacturer, Blend and Pack during its recent rights issue.

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Nasdaq finishes year 38% higher: SPI signals a drop at the open

02 Jan 2019 - The SPI indicates that the Australian share market is poised to retreat at the open with hopes that a bullish last-minute rally on Wall Street on New Year’s Eve could help offset negative sentiment. The Shanghai Composite closed off its best year since 2014 despite the US trade dispute. Strong performances from tech majors like Apple, Microsoft and Facebook boosted the Nasdaq to close out 2019 with a 38% gain. On the commodities front, Gold...

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Australian dollar lifts on the last day of the year: ASX closes 1.8% lower

31 Dec 2019 - The ASX took a dip at the open and failed to gather any ground closing 1.8% lower. All sectors are in the red - the sector with the least losses was Materials sector with Gold Road Resources (ASX:GOR), Resolute (ASX:RSG) and Saracen Mineral Holdings (ASX:SAR) all making gains today. GrainCorp (ASX:GNC) today announced that the sale of its Australian Bulk Liquid Terminals business to ANZ Terminals Pty has completed.

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