Finance News

3rd best close in 12 months: Aus shares close 0.18% higher

20 Oct 2017 - Market Wrap: Positive end to week with ASX200 hitting 3rd highest peak in 12 months. Suncorp (ASX:SUN) outperforms big banks. Genex Power (ASX:GNX) completes the optimisation study of hydro project in QLD, increasing power generation, Overland Resources (ASX:OVR) not to buy Trojan Gold Project from Westgold Resources (ASX:WGX). Macquarie Atlas Roads (ASX:MQA) CEO shuffle and Clean Seas Seafood (ASX:CSS) raises funds to cater for increased stock.

Resilient rise: Aus shares 0.07 up at midday

20 Oct 2017 - Market at Midday in 3 mins: The local bourse flexed its muscle, shaking off its soft start. Utilites lead & Suncorp (ASX:SUN) shines. Zip Money (ASX:ZML) reports record quarterly revenue, Clean Seas Seafood (ASX:CSS) raises $7m & plans to raise $8.9m to expand farming & Tawana Resources (ASX:TAW) now fully funded to start production.

Unsteady US markets: Aus shares set to open lower

20 Oct 2017 - Market Outlook in 3 mins: Dow retreats after dropping nearly 105 points and the US dollar has dropped. Apple declines after weak uptake of iPhone 8. Oil has dropped while gold picked up again after a one-week low. US jobless claims have fallen by 22,000 to 222,000 last week, the lowest level in 44 years. Centuria Capital Group (ASX:CNI) announced it has acquired a further 1.8 per cent stake in Centuria Metropolitan REIT.