Author - Sequoia Direct

Restaurants, gyms and pubs to close under drastic new measures: ASX poised to open lower

23 Mar 2020 - The ASX recorded one of its worst month’s in history - it’s now set to open lower as the coronavirus continues to strike fear in investors. Last night Prime Minister Scott Morrison announced tough new 'stage one' restrictions, ordering pubs and licensed premises close for six months. AP Eagers (ASX:APE) have decided to reduce the amount of the fully franked final dividend from 22.5 cents per share to 11.25 cents per share.

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Tech shares rise boosted by remote workers: ASX poised to open higher

20 Mar 2020 - The ASX looks set to open higher this morning as tech stocks rallied. Alphabet, Microsoft, and Facebook all slumped on Wednesday but with many in lockdown across the world due to the coronavirus crisis - remote, internet-based activity caused tech shares to rally yesterday. In the US bargain hunters grabbed Twitter stocks and Netflix - all up at least 5%. Nigel Greenwood is stepping down as Synlait Milk (ASX:SM1) Chief Financial Officer and will be...

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RBA cuts cash rate to 0.25%: ASX closed 3.4% lower

19 Mar 2020 - The ASX extended it’s losses today closing 3.4% lower despite the RBA announcing a stimulus package. Super retail Group (ASX:SUL), shares took a real hit today dropping over 35%. The AUD continued to drop this afternoon now standing at below 56 cents against the USD. FINEOS Corporation (ASX:FCL) has signed a new software license agreement with the Executive Office of Labor and Workforce Development of the Commonwealth of Massachusetts.

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