Latest Market News

September quarter capex falls 3%: ASX tracking 0.1% lower at noon

26 Nov 2020 - The ASX opened lower and is now tracking 0.1% lower at noon. Harvey Norman (ASX:HVN) shares have shot up after reporting a 160.1% increase in profit before tax between July 1 and October 31. Meanwhile, shares in Virgin Money UK (ASX:VUK) have dropped after they withdrew their finance year 2022 targets.

Read more...

Global rally paused: ASX poised to open lower

26 Nov 2020 - The ASX looks set to open lower this morning as the global rally slows. Vaccine hopes had bolstered markets over the past week. More than 60 million cases of coronavirus have been recorded worldwide since the pandemic began — with 30,000 more expected to die in the US by Christmas. Oil prices lifted overnight against a weakening US dollar and a surprise decline in US crude stocks. Jumbo Interactive (ASX:JIN) secures gambling commission software...

Read more...

Dow hits record high: ASX set to open higher this morning

25 Nov 2020 -The ASX looks set to open higher this morning as the Dow rallied yesterday hitting a record high at 30,000 points. Oil has surged to an eight-month high overnight. Tesla shares closed up after the company surpassed a $500 billion market cap yesterday. Fisher & Paykel Healthcare Corporation Limited (ASX:FPH) today announced its results for the first half of the 2021 financial year, reporting net profit after tax was up 86%.

Read more...

Third potential vaccine: ASX closes 1.3% higher

24 Nov 2020 - It has been a positive day of trade for the Australian share market. The local bourse managed to close 1.3% higher. News of a third potential Covid vaccine boosted markets, with all the sectors ending the day in the green. Cardinal Resources Limited (ASX:CDV) has received an unsolicited conditional off-market takeover offer at A$1.05 cash per share from Engineers & Planners Company.

Read more...

Huon Aquaculture (ASX:HUO) lose thousands of fish after pen fire: ASX tracking 1.2% higher at noon

24 Nov 2020 - The ASX has remained steady throughout the morning and is now tracking 1.2% higher at noon. Contractor NRW Holdings (ASX:NWH) shares are up after looking to buy the Primero Group. Shares in Saracen Mineral Holdings (ASX:SAR) are down though. Huon Aquaculture Group Limited (ASX:HUO) have lost a large number of 4kg fish after a fire broke out at one of the company’s fish pens in Tasmania.

Read more...

Boost on news of third potential Covid vaccine release: ASX poised to open higher

24 Nov 2020 - The ASX looks set to open higher this morning after news of a third potential Covid-19 vaccine. AstraZeneca is the latest major drug-maker to announce its results, meanwhile the US health regulator is expected to approve Pfizer's vaccine for distribution in mid-December. The national lockdown in England will be lifted on December 2nd. And President-elect Joe Biden has reportedly picked Janet Yellen to head the Treasury Department. Fleetwood Corporation Limited (ASX:FWD) has completed their name...

Read more...

Lynas (ASX:LYC) shares hit a 7-year high: ASX closes 0.3% higher

23 Nov 2020 - It has been a positive day of trade for the ASX. The local bourse managed to close 0.3% higher. Shares in Lynas Corp (ASX:LYC) hit a seven year high. Shares in Insurance Australia Group (ASX:IAG) dropped today despite the company successfully completing a $650 million institutional placement. Next Science (ASX:NXS) reports that 3M have agreed to not renew 3M’s distribution agreement for BlastX.

Read more...