Latest Market News

  • Home
  • Latest Market News
17Feb

Coles (ASX:COL) shares fall as revenue increases: ASX closed 0.5% lower

17 Feb 2021 - At the closing bell the S&P/ASX 200 index closed 32 points down, or 0.5% lower to finish at 6,885. Shares in Evolution Mining (ASX:EVN) are down today despite their Board approval to progress the development of a surface decline at the Red Lake gold mine in Ontario, Canada lifting annual production rates there to over a million tonnes. EML Payments did well today after they announced record revenues of $95.3 million and EBITDA OF $28.1...

Read more...
17Feb

China overtakes US as Europe’s main trading partner: ASX set to open lower

17 Feb 2021 - The ASX is set to open lower this morning. The S&P 500 closed slightly lower as investors in the US grow concerned about surging bond yields. Bitcoin soared above $50k to an all-time high. The latest figures released by Eurostat show that China has overtaken the US as Europe’s main trading partner for the first time. Back home, authorities say Victoria is on track to lift the five-day lockdown at midnight. Fletcher Building (ASX:FBU) reported...

Read more...
16Feb

Wall Street closed for Presidents’ Day: ASX poised to open higher

16 Feb 2021 - The ASX is set to open higher this morning, as coronavirus vaccine optimism continues to push commodities higher. Oil prices soared yesterday, reaching their highest in about 13 months. Meanwhile, the WHO says there has been a dramatic fall in the number of coronavirus cases globally, with newly recorded infections the lowest in months. The news comes as Victoria enters its fourth day of lockdown. Ansell (ASX:ANN) show profit is up 61.9% year on year.

Read more...
15Feb

Major miners push market up: ASX closed 0.9% higher

15 Fab 2021 - Major miners pushed the market up today with materials being the best performing sector. At the closing bell the S&P/ASX 200 index closed 62 points higher, or 0.9% higher to finish at 6,869. Asaleo Care (ASX:AHY) has confirmed it is engaged in ongoing discussions with Essity Aktiebolag about a potential proposal to acquire the outstanding ordinary shares in Asaleo.

Read more...
15Feb

Utilities is only sector in the red: ASX tracking 0.9% higher at noon

15 Feb 2021 - The ASX lifted during the early trading hours and is tracking 0.9% higher or 59 points higher at noon at 6,865. Nearmap (ASX:NEA) shares have risen after reporting pleasing half year results. Utilities is the only sector in the red. CIMIC Group (ASX:CIM) has signed a share purchase agreement with SALD Investment LLC for the sale of CIMIC’s investment in the Middle East.

Read more...
12Feb

5 day Victorian lockdown from tomorrow: Aus shares down 0.5% over week

12 Feb 2021 - Despite a positive start to the week on Monday, the Australian share market lost ground throughout the week and ended on a negative note. The ASX200 sunk this afternoon after Victorian Premier Daniel Andrews announced that the state of Victoria would be entering a snap 5 day lockdown, effective from midnight tonight. Major grocery chains Coles (ASX:COL) and Woolworths (ASX:WOW) are re-introducing buying limits in the state as panic buying returns.

Read more...