01 Mar 2021 - It has been a positive day of trade for the ASX. After opening in the black the local bourse managed to close 1.7% higher, that’s 116 points up, to finish at 6,790. Austal (ASX:ASB) shares rose on a new US navy contract. Fortescue Metals Group (ASX:FMG) shares dropped lower today. Senex Energy (ASX:SXY) has completed the sale of its Cooper Basin business to Beach Energy.
01 Mar 2021 - The ASX opened higher, the S&P/ASX 200 index is 101 points up or 1.5 per cent higher at 6,775. On the futures market the SPI is 110 points higher. Shares in Growthpoint Properties Australia (ASX:GOZ) rose today as they sold two properties in Sydney. Creso Pharma (ASX:CPH) has executed a non-binding letter of intent with leading CBD provider CERES Natural Remedies.
01 Mar 2021 - After Friday’s losses the ASX looks set to open higher this morning. Global bonds stabilised after US government bond yields hit their highest level in a year and causing a selloff in stocks. On Saturday President Biden scored his first legislative win as the House of Representatives passed his $1.9 trillion coronavirus relief package. SkyCity Entertainment Group (ASX:SKC) closed Auckland casino as the city goes into lockdown.
26 Feb 2021 - Aussie shares dropped in early trade and tracked sideways for most of the afternoon to end 2.4 per cent lower. The Information Technology sector led the losses today, with none of the sectors managing to advance. Shares in Lynas Rare Earths (ASX:LYC) jumped almost 6 per cent today after the company released its financial results for the half year. Net profit was up more than 9 fold compared to the prior corresponding period and rose...
26 Feb 2021 - The Australian share market opened lower following negative leads from Wall Street. It fell in early trade and is tracking 2.2 per cent lower at noon. All of the sectors have fallen this morning, with tech stocks haemorrhaging over 6 per cent. This comes on the back of another surge in the 10-year US Treasury bond yield overnight. Higher rates tend to hit the tech sector especially hard as the group relies heavily on low...
26 Feb 2021 - Aussie shares are poised to drop at the open following a retreat in US markets. Rising US bond yields seem to have spooked investors. The 10-year Treasury yield experienced a flash spike overnight, rising 0.2 per cent. Facebook has reversed its Australian news ban after the government compromised on its proposed media code which is currently making its way through the Senate. Victoria is expected to announce an easing of Covid-19 restrictions this morning as...
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.
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...
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%.
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.
