14 May 2020 - The ASX dropped at the open and is now tracking 0.9% lower at noon. Shares in agribusiness GrainCorp (ASX:GNC) are doing well today after they reported a profit after tax of $388 million for the half-year. United Malt (ASX:UMG) is raising $140m via a fully underwritten institutional placement and a nonunderwritten SPP.
14 May 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The slump on Wall Street came after Federal Reserve chair Jerome Powell warned that the economic risks from coronavirus are significant. Tensions between the US and China flared once again as US President Donald Trump tweeted about trade deals not making a difference to the lives lost from what he called the ‘Plague from China’. The Woolworths Group (ASX:WOW)...
13 May 2020 - It has been a struggle of a day for the ASX after dropping at the open, it manage to gain closing 0.4% higher. Pilbara Minerals (ASX:PLS) shares did well today as did shares in Avita Medical (ASX:AVH). As for the sectors today, materials performed the best. 360 Capital Group (ASX:TGP) has launched 360 Capital Credit Income Fund.
13 May 2020 - The ASX dropped at the open as investors evaluate the risk of opening up the economy. It is now tracking almost 0.9 per cent lower at noon. Pilbara Minerals (ASX:PLS) did well today as did shares in Mayne Pharma Group (ASX:MYX). All the sectors are in the red with the communication services are leading the pack. Biotech Mesoblast (ASX:MSB) has successfully completed a capital raising of $138 million.
13 May 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. Wall Street saw stocks fall sharply yesterday after some recent strong gains. Investors are re-evaluating the latest attempts to open the economy. In America, Dr Anthony Fauci warned United States Congress there is a 'real risk' of outbreak if states reopen too soon. Spark New Zealand (ASX:SPK) welcomed the announcement of the direct allocation process of 5G spectrum.
12 May 2020 - The Australian share market fell at the open and closed 1.1 per cent down at the end of trade. Treasurer Josh Frydenberg has released an update on the economic impact of COVID-19 saying the underlying cash deficit at the end of March was $22.4 billion.
12 May 2020 - The Australian share market opened lower this and is now trading 1.5 per cent lower at noon. Regional Express Holdings (ASX:REX) has entered into a trading halt pending an announcement.
12 May 2020 - US markets saw rises in health and technology yesterday, but the ASX looks set to open lower this morning. The Dow Jones Industrial Average fell as the Nasdaq rose for a sixth straight day. Oil erased gains as Saudi Arabia plans to slash output. They plan to cut another 1 million barrels a day. SkyCity Entertainment Group (ASX:SKC) is set to welcome back staff and customers to their properties in New Zealand.
11 May 2020 - The Australian market rose today as state and territory leaders clarified plans to reopen the economy in their jurisdictions. It ended the day 1.3 per cent higher. The Energy sector was up just over 2 per cent after the oil price showed signs of recovery. The world’s third largest gold mining company, AngloGold Ashanti (ASX:AGG) recorded a solid operational and financial start to 2020 but with a high human toll.
11 May 2020 - The Australian share market opened higher following positive leads from international markets and has jumped 1.1% higher at noon. Advanced Nanotek (ASX:ANO) expects its FY20 NPBT to be around $8.4 million – a 250% increase on the PCP.
