Latest Market News

Afterpay’s (ASX:APT) EBITDA up 73%: ASX poised to open higher

27 Aug 2020 - The ASX looks set to open higher this morning with technology stocks leading Wall Street and global markets seeing a rise overnight. Facebook, Amazon and Microsoft made gains and Netflix shares rose after a pleasing analyst report. Afterpay’s (ASX:APT) shares price continues to soar as it releases it fourth quarter performance results today reporting a 73% lift in EBITDA.

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Shares on the up for waste management company Cleanaway (ASX:CWY): ASX closed 0.7% lower

26 Aug 2020 - It has been a negative day of trade for the ASX after a drop at the open the local bourse failed to gain momentum and closed 0.7% lower. Shares in Cleanaway waste management (ASX:CWY) closed higher today. Bravura Solutions (ASX:BVS) dropped as did shares in Whitehaven Coal (ASX:WHC). Cleanaway Waste Management (ASX:CWY) today reported their NPAT is up 8.7% to $152.9 million.

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Wall Street record highs continue: ASX poised to open lower

26 Aug 2020 - The ASX looks set to open lower this morning despite the S&P 500 and the Nasdaq reaching record closing highs. There was a mixed economic data out of the US and Apple saw a rare decline. Facebook rose over 3% to push both benchmarks higher. Pushpay Holdings (ASX:PPH) CEO to sell shares.

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Covid plasma treatment news boosts Wall St: ASX poised to open higher

25 Aug 2020 -The ASX looks set to open higher this morning as the S&P 500 and the Nasdaq reached new record closing highs as optimism lifted over potential medical advances against Covid-19. The oil price lifted as two separate back to back storms in the US Gulf Coast are set to cause large temporary shutdowns to oil and gas production facilities. Ansell (ASX:ANN) report sales of $1.61 billion US, that’s 7.7% growth.

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Late rally lifts ASX to 0.3% gain : Buy now pay later companies boost market

24 Aug 2020 -The Australian sharemarket finished higher after a late afternoon rally. The market gained momentum after CSL pared intraday falls while Afterpay extended its rise to 4 per cent on European expansion plans and Fortescue Metals also extended its rise from 2 to 3 per cent as investors reacted favourably to the dividend beat in its full-year results. The major banks also trimmed some of their earlier losses.

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