Latest Market News

Shares in GameStop surge once again: ASX poised to open higher

09 Mar 2021 - Following mixed leads from US markets, the ASX looks set to open higher The 10-year US Treasury yield traded near the 1.6% level yesterday after the US Senate passed the $1.9 trillion coronavirus economic relief and stimulus bill over the weekend. Air New Zealand (ASX:AIZ) has announced a loss before other significant items and taxation of $185 million for the six month period ended 31 December 2020.

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Tech stocks hit hard: ASX closed 0.4% higher

08 Mar 2021 - The ASX took a dip in afternoon trade but still managed to close 0.4 per cent higher. At the closing bell the S&P/ASX 200 index closed 29 points higher, finish at 6,740. As for the sectors, materials came out top. Omni Bridgeway (ASX:OBL) has elected to remain solely listed on the ASX.

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All sectors in the green as market soars: ASX 1.8% higher at noon

08 Mar 2021 - The ASX saw a healthy rise at the open and continues to do well towards lunchtime trading with the S&P/ASX 200 index is 121 points up or 1.8% higher at 6,832. On the futures market the SPI is 135 points higher. Vital Metals (ASX:VML) has produced a 12kg sample of rare earth carbonate as part of a bulk sampling program at its Nechalacho project in Canada

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Wall Street on a high after stimulus plan: ASX to open higher

08 Mar 2021 - Following positive leads from US markets, the ASX looks set to open higher. The US Senate sat for almost 12 hours to pass President Joe Biden's $2.5 trillion Covid-19 relief plan. The AUD was hit on Friday as the yield reversal continues. The CEO of Oceania Healthcare (ASX:OCA) Earl Gasparich has announced his resignation.

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Tech, Health care and Materials down over 2%: Aus market sheds 1.3% at noon

05 Mar 2021 - Despite a slight bump at the open, the ASX has trended lower during the first 2 hours of trade and is down 1.3 per cent at noon. The Tech, Health care and Materials sectors are all down over 2 per cent this morning. Lithium-boron producer Ioneer (ASX:INR) has completed its fully underwritten institutional placement raising $80 million.

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EcoGrafs (ASX:EGR) WA facility on fast track: Aus shares close 0.7% lower

05 Mar 2021 - The ASX slumped in early trade and a late session recovery wasn’t enough to unwind this morning’s losses. The Aussie market closed out the day 0.7 per cent lower. At the closing bell the S&P/ASX 200 index closed 50 points lower, or 0.7 per cent lower to finish at 6,711. Over the week the S&P/ASX 200 index gained 0.6 per cent or 38 points. The Australian Government has approved major project status for graphite company...

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Italy blocks vaccine shipment to Australia: Aus shares poised to open lower

05 Mar 2021 - Aussie futures are indicating that the market will start the day in negative territory. This follows a volatile trading session on Wall Street. US markets ended the day lower after US Federal Reserve Chairman Jerome Powell indicated that inflation is likely to rise as the economy recovers. While he forecast that such rises were likely to be temporary, the comments were enough to spook investors and spark a selloff in the equity markets. Childcare and...

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EcoGrafs (ASX:EGR) WA facility on fast track: Aus shares close 0.7% higher

05 Mar 2021 - The ASX slumped in early trade and a late session recovery wasn’t enough to unwind this morning’s losses. The Aussie market closed out the day 0.7 per cent lower. At the closing bell the S&P/ASX 200 index closed 50 points lower, or 0.7 per cent lower to finish at 6,711. Over the week the S&P/ASX 200 index gained 0.6 per cent or 38 points. The Australian Government has approved major project status for graphite company...

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Tech, Health care and Materials down over 2%: Aus market sheds 1.3% at noon

05 Mar 2021 - Despite a slight bump at the open, the ASX has trended lower during the first 2 hours of trade and is down 1.3 per cent at noon. The Tech, Health care and Materials sectors are all down over 2 per cent this morning. Lithium-boron producer Ioneer (ASX:INR) has completed its fully underwritten institutional placement raising $80 million.

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