Author - Sequoia Direct

Red dominates most sectors: Aus shares trading 0.6% lower

30 Apr 2021 - The ASX200 dipped at the open and retreated from yesterday’s post-pandemic high. Red was the dominant colour across most sectors, as miners, bankers, medical developers and energy players were the biggest drags on the market at lunchtime. Utilities & industrials were the only two sectors bucking the trend.

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Santos downgrades stake in Timor Sea and Darwin assets for $500m

30 Apr 2021 - Australia’s second largest oil and gas producer Santos (ASX:STO) has successfully snapped up $501 million fly offloading 25 per cent stake in BayuUndan and Darwin LNG. Under the agreement, South Korean energy giant SK Group will own a 25 per cent interest in assets at the gas field in the Timor Sea and the liquefaction plant in the Northern Territory.

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Wall St slips as Fed holds rates: ASX to rise

29 Apr 2021 - The ASX is set to rise despite Wall St dipping into the red. US stocks slipped as the Federal Reserve held rates and maintained their support for the economy. Australian shipbuilder Austal (ASX:ASB) is set to sell 40% of its stake in a shipbuilding company in China.

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