Latest Market News

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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Tech stocks drag the market down: ASX closed 0.9% lower

24 Feb 2021 - It has been a negative day of trade for the ASX. After opening in the red the local bourse failed to gain momentum. Tech stocks dragged on the market today - Appen (ASX:APX) shares are down over 12%. At the closing bell the S&P/ASX 200 index closed 61 points lower, or 0.9% lower to finish at 6,778.

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Annual wage growth remains at 1.4%: ASX 0.4% lower at noon

24 Feb 2021 - The ASX opened lower following mixed leads from Wall Street and is now tracking 0.4% lower at noon, that’s 29 points down at 6,810. Bega Cheese (ASX:BGA) shares are up after they reported profit after tax was up 154% on the last half. And Eagers Automotive (ASX:APE) appoints a new CEO.

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Powell says recovery is far from complete: ASX poised to open lower

24 Feb 2021 - Following mixed leads from US markets, the ASX looks set to open lower this morning. The US Federal Reserve chair Jerome Powell says recovery is ‘far from complete.’ He also reiterated that the central bank planned to keep up low interest rates and large-scale bond buying. The tech sell-off continues with the NASDAQ continuing to be hit. And Seven West Media (ASX:SWM) has signed a Letter of Intent to provide news content to Facebook.

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Facebook news content block removed: ASX closes 0.9% higher

23 Feb 2021 - Social media giant Facebook has agreed to lift its ban on Australian news content. Rising commodity prices continued to be the stimulant for the energy and mining rally, with BHP (ASX:BHP) and Oil Search (ASX:OSH) all edging higher. Industrial property investment heavyweight Centuria Industrial REIT (ASX:CIP) has successfully snapped up a modern warehouse in the north-western Sydney suburb of Bella Vista.

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