Author - Sequoia Direct
25Mar

Household wealth at 11-year highs: ASX closes 0.2% higher

25 Mar 2021 - The ASX pushed into the green from a flat start, faded in afternoon trade and surprised investors with a late jump to close 0.2% higher. Improvements were seen across all the sectors except Technology, Finance and Consumer Staples, which closed in the red. Energy stocks rose 0.3% following oil prices rebounding 6% from Tuesday's decline, after the grounding of a ship in the Suez Canal. The ship turned sideways in the middle of a sandstorm,...

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25Mar

Netwealth (ASX:NWL) in negotiations over facility & deposit agreements: ASX is tracking 0.3% higher

25 Mar 2021 - The ASX is pushing on from a flat start despite a weak lead from the US markets. Most sectors are in the green with technology shares dragging the market. Energy stocks are in the spotlight after a 6% jump after oil prices rebounded from Tuesday's decline after a grounding of a ship in the Suez Canal. The incident caused concerns that it could delay crude shipments. Retail fashion company Premier Investments (ASX:PMV) are lifting after...

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25Mar

Suncorp (ASX:SUN) receives over 5,400 claims across three states: ASX poised to open lower

25 Mar 2021 - The ASX is poised to open lower following soft leads from US markets. The S&P 500 closed in the red after struggling to keep its gains in early session. Technology stocks across the indexes led the losses towards session close as rotation out of tech stocks into bank shares continues. Investors responded to Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen who provided the Senate Banking Committee an optimistic update on the economy's...

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24Mar

Increase in imports driven by road vehicles: ASX tracking 0.4% higher at noon

24 Mar 2021 - The ASX dropped in early morning trade and is now tracking 0.4 per cent higher at noon. The S&P/ASX 200 index is 29 points up at 6,774. On the futures market the SPI is suggesting a rise of 31 points. Genex Power (ASX:GNX) has today secured the final piece of the $777 million project financing package for the 250MW Kidston Pumped Storage Hydro Project.

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