16 Nov 2020 - The ASX came to a standstill around 10.30 this morning due to a technical issue that the ASX is still yet to resolve. A system upgrade was due to go live this morning with dress rehearsals already conducted. The market is currently 1.2 per cent higher at noon.
16 Nov 2020 - The ASX looks set to open higher this morning as effective vaccine news could be the turning point for value stocks. Seventeen coronavirus cases have now been linked to a cluster in Adelaide's northern suburbs, South Australia's Chief Public Health Officer says. Fifteen Asia-Pacific economies formed the world’s largest free trade bloc yesterday, in a China-backed deal that excludes the United States. The Regional Comprehensive Economic Partnership (RCEP) was signed at a regional summit in...
13 Nov 2020 - Over the week, the market has gained 215 points or 3.4 per cent. Energy gained over 14 per cent this week, boosted by the news of the Covid-19 vaccine. Today the High Court dismissed Kraft Heinz’s application for special leave to appeal the Federal Courts decision. Bega says that today’s proceedings confirm Bega Cheese’s right to use the current packaging of its smooth and crunchy peanut butter products.
13 Nov 2020 - After a slight bump at the open, the Australian share market dropped in early trade and is tracking 0.4 per cent lower at noon. Most of the sectors are down this morning, with Energy stocks seeing the largest fall. The S&P/ASX 200 index is 26 points down or 0.4 per cent lower at 6,392. On the futures market the SPI is 38 points lower. Fashion jeweller, Lovisa Holdings (ASX:LOV) has acquired the European retail store...
13 Nov 2020 - The SPI indicates that the Australian share market will open lower after the global vaccine rally teetered off bringing into sharp focus the latest wave of Covid 19 cases in the US and UK. Scott Morrison has had his first call with US President elect Biden yesterday. He says that the 2 countries will work together to confront climate change by developing emissions reducing technologies.
12 Nov 2020 - It was a positive start to the week for the ASX, but the winning streak came to an end today with the market closing 0.5% lower. Shares in Telstra (ASX:TLS) are up after they reported a restructure for the company. Banks and miners weighed on the market. As for the sectors today Telcos led the day and Utilities fell lower. Charter Hall Group (ASX:CHC) has upgraded its full year earnings guidance as funds under management...
12 Nov 2020 - The ASX rose at the open and is now tracking 0.3% lower at noon. Shares in Xero (ASX:XRO) are up after they reported their its six month revenue rose 21% and shares in Telstra (ASX:TLS) are up after they reported a restructure for the company. Centuria Office REIT (ASX:COF) to divest minority interest in a Sydney office block.
12 Nov 2020 - The ASX looks set to open higher this morning for the sixth day in a row as tech shares jumped up in the US. Global markets are still excited about the Covid-19 vaccines expected. Russia reports that early results from trials of their Covid vaccine suggest it could be 92% effective. Telstra (ASX:TLS) is set to restructure into three separate entities, InfraCo Fixed, InfraCo Towers and ServeCo.
11 Nov 2020 - The ASX has continued its rally throughout the morning and is now tracking 1.3% higher at noon. Shares in Virgin Money UK (ASX:VUK) and accounting software company Xero (ASX:XRO) did well today. Shares in JB Hi-Fi (ASX:JBH) fell lower. All sectors are in the black. Synlait Milk (ASX:SM1) has successfully completed the bookbuild for its approximately NZ$180 million underwritten placement.
11 Nov 2020 - It has been a positive day of trade for the ASX closing 1.7% higher – it’s fifth consecutive gain. Energy companies did well today with Whitehaven Coal (ASX:WHC) and Oil Search (ASX:OHS) both seeing gains. Shares in Ramelius Resources (ASX:RMS) didn’t fare so well. Woolworths (ASX:WOW) has committed to use 100% renewable electricity by 2025.
