Author - Sequoia Direct

Materials the only sector to shed today: ASX closed 0.7% higher

23 Dec 2020 - The local sharemarket rose at the open and managed to close 44 points up or 0.7% higher at 6,643. Shares in Mesoblast (ASX:MSB) rallied today despite no new news from them. Materials only sector that shed today. Origin Energy (ASX:ORG) will invest an additional £36 million (approximately $65 million) in Octopus Energy Group

Read more...

Imports of goods up 11% in November: ASX tracking 0.5% higher at noon

23 Dec 2020 - The ASX opened higher this morning with the S&P/ASX 200 Index 35 points up or 0.5% higher at 6,635. Shares in the Smart Group Corp (ASX:SIQ) are on the up today after reporting their operating EBITDA is expected to be approximately $47 million for the second half. Shares in Ramelius Resources (ASX:RMS) are currently dropping. Materials is the only sector to make losses so far this morning.

Read more...

Investors monitor new Covid strain in the UK: ASX set to open higher

23 Dec 2020 - Following mixed leads from US markets, the ASX looks set to open higher. Stocks recovered ground across Europe yesterday. New South Wales residents wait anxiously to hear from the Premier later today on social gathering restrictions for Christmas. The number of cases in the state has so far been tracking down from 30 to just 8 yesterday. Challenger (ASX:CGF) has entered into an agreement to acquire MyLifeMyFinance for $35 million.

Read more...

Syrah (ASX:SYR) partners with Solar Century Africa: Aus shares 0.9% lower at noon

22 Dec 2020 - The Australian share market opened higher but slumped in the first 2 hours of trade following mixed leads from Wall Street. All of the sectors are down, except Real Estate Investment Trusts. MyDeal.com.au (ASX:MYD) has appointed Lachlan Freeman as Chief Financial Officer. Syrah Resources (ASX:SYR) has signed an agreement with Solar Century Africa to progress a solar and battery storage hybrid power system.

Read more...