Author - Sequoia Direct

Record low levels of travel continue in September: ASX tracking 0.3% lower at noon

12 Nov 2020 - The ASX rose at the open and is now tracking 0.3% lower at noon. Shares in Xero (ASX:XRO) are up after they reported their its six month revenue rose 21% and shares in Telstra (ASX:TLS) are up after they reported a restructure for the company. Centuria Office REIT (ASX:COF) to divest minority interest in a Sydney office block.

Read more...

Vaccine news keeps markets positive: ASX poised to open higher

12 Nov 2020 - The ASX looks set to open higher this morning for the sixth day in a row as tech shares jumped up in the US. Global markets are still excited about the Covid-19 vaccines expected. Russia reports that early results from trials of their Covid vaccine suggest it could be 92% effective. Telstra (ASX:TLS) is set to restructure into three separate entities, InfraCo Fixed, InfraCo Towers and ServeCo.

Read more...

Rally continues with all sectors in the black: ASX tracking 1.3% higher at noon

11 Nov 2020 - The ASX has continued its rally throughout the morning and is now tracking 1.3% higher at noon. Shares in Virgin Money UK (ASX:VUK) and accounting software company Xero (ASX:XRO) did well today. Shares in JB Hi-Fi (ASX:JBH) fell lower. All sectors are in the black. Synlait Milk (ASX:SM1) has successfully completed the bookbuild for its approximately NZ$180 million underwritten placement.

Read more...

Woolworths (ASX:WOW) promises 100% renewable electricity by 2025: ASX closed 1.7% higher

11 Nov 2020 - It has been a positive day of trade for the ASX closing 1.7% higher – it’s fifth consecutive gain. Energy companies did well today with Whitehaven Coal (ASX:WHC) and Oil Search (ASX:OHS) both seeing gains. Shares in Ramelius Resources (ASX:RMS) didn’t fare so well. Woolworths (ASX:WOW) has committed to use 100% renewable electricity by 2025.

Read more...