Author - Sequoia Direct

ZipCo’s (ASX:Z1P) revenue rose 130% for H1 FY21: ASX closes 0.8% higher

25 Feb 2021 - It has been a positive day of trade, with the ASX hitting its highest point for the week. Nine out of the 11 sectors were higher with Materials rising 1.7%. Sandfire Resources (ASX:SFR) rose 11.1% after reporting a 78% increase in their half year net profit results while Service Stream (ASX:SSM) was the worst performing stock on the back of their half year revenue numbers released yesterday.

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RBA resumes 3-year bond buying: ASX 1% higher at noon

25 Feb 2021 - The ASX is trading higher following positive leads from Wall Street and is now tracking 1% higher at noon. The S&P/ASX 200 index is 8 points up at 6,846. On the futures market the SPI is suggesting a rise of 65 points. The Energy sector is leading the way while the Industrials sector is behind. The Reserve Bank announced today that they will continue to purchase three year government bonds to ensure that the yield...

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AUD hits a three year high against the USD: ASX poised to open higher

25 Feb 2021 - Following positive leads from US markets, the ASX looks set to open higher this morning. In his second day of testimony to Congress, US Federal Reserve Chairman Jerome Powell has pledged low rates until inflation exceeds 2% boosting confidence in US investors. The Australian dollar hit a fresh three-year high touching almost 80 US cents. The a2 Milk Company (ASX:A2M) experienced a challenging first half with NPAT down 35.1%.

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