Latest Market News

ASX cements 3 day losing streak: Shares finish 0.7% lower

21 Sep 2020 - The local sharemarket has ended the session firmly in the red cementing a 3 day losing streak. At the closing bell the S&P/ASX 200 finished 0.7 per cent lower or 42 points down at 5823.Major banks, miners and real estate were the main drags on the market today.

Read more...

Whitehaven (ASX:WHC) shareholders forced to respond to climate change concerns: Aus shares close 0.3% lower

18 Sep 2020 - The Australian share market ended the session 0.3 per cent lower than it started out. At the closing bell the S&P/ASX 200 index closed 19 points lower to finish at 5,865. Over the week however, the market has gained 5 points or 0.1 per cent, stumbling just above the line after four consecutive weeks of weekly losses. Qantas (ASX:QAN) has released its 2020 annual report.

Read more...

QuickFee (ASX:QFE) completes $15M placement: Aus shares flat at noon

18 Sep 2020 - The Australian share market opened flat this morning and continues to trade flat at noon. Goldman Sachs rates Nanosonics (ASX:NAN) as a neutral, with a 12 month price target of $5.50. QuickFee (ASX:QFE) has successfully completed its $15 million institutional placement. Technology solution provider, EROAD (ASX:ERD) successfully listed today.

Read more...

Web.com increases takeover bid for Webcentral (ASX:WCG): Aus shares to edge higher at the open

18 Sep 2020 - Australian shares are set to edge higher at the open following a paced sell off on Wall Street. US home building fell in August following strong gains in the prior three months. IT solutions company, Webcentral Group (ASX:WCG) has received an updated takeover offer from Web.com, which is now offering 18 cents per Webcentral share.

Read more...

Iron ore miners lead decline: ASX tracking 0.9% lower at noon

17 Sep 2020 - The ASX took a dip this morning, following negative leads from US futures and a sharp fall in the iron ore price overnight. Iron ore miners Mineral Resources(ASX:MIN) and Fortescue Metals (ASX:FMG) led the decline, joining the ranks of the worst performers at noon. The tech sector was also lower, adding further downward pressure.

Read more...

Fed Reserve set to keep rates at near zero: ASX poised to open lower

17 Sep 2020 - The ASX looks set to open lower this morning as stocks in the US fell after a tech sell-off and Federal Reserve Chairman Jerome Powell vows to keep rates near zero for three years. Platinum Asset Management (ASX:PTM) to extend its on-market share buy-back for up to 10% of PTM’s issued share capital.

Read more...

Seek (ASX:SEK) shares surge on talks around its Chinese platform: ASX closed 1% higher

16 Sep 2020 - It has been a positive day of trade for the ASX after a small dip around lunchtime the local bourse managed to closed 1% higher. Shares in Seek (ASX:SEK) closed over 9% today after confirming that its Chinese jobs platform Zhaopin was in investment talks with a number of parties. A British court has ruled against QBE (ASX:QBE) in a dispute over customers' efforts to recoup losses from the coronavirus.

Read more...