Latest Market News

Quarantine days increased for travellers in Victoria: ASX set to open lower

29 Jun 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The coronavirus global death count is closing in on half a million. Back home Victoria's outbreak of 90 coronavirus cases over the weekend is set to see tougher lockdowns across suburbs in Melbourne and set back national progress towards opening the economy. European Union countries failed to settle on Friday on a final “safe list” of countries whose residents...

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Mincor (ASX:MCR) completes $50M placement: Aus shares close 1.5% higher

26 Jun 2020 - The Australian share market rallied in the back half of the session to close 1.5 per cent higher. All of the sectors except Healthcare made ground today, with investors choosing to pick up bank stocks ahead of the weekend. Mincor Resources (ASX:MCR) has successfully completed its $50 million fully underwritten institutional placement.

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ACCC seeks to appeal Acacia Ridge terminal acquisition: Aus shares 1.1% higher at noon.

26 Jun 2020 - The Australian share market opened slightly lower defying positive leads from international markets. It has however managed to gain ground early in the session and is tracking 1.1 per cent higher at midday. All of the sectors except Healthcare have advanced this morning. The Australian Competition and Consumer Commission is seeking special leave to appeal to the High Court disputing the decision of the Full Federal Court that Pacific National’s acquisition of the Acacia Ridge...

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TPG Telecom (ASX:TPM) spin-off Tuas set to list: Aus shares to open higher

26 Jun 2020 - Following positive leads from US markets, the Australian share market looks set to open higher. The national cabinet is meeting today and will discuss strategies for containing localised outbreaks, a timetable for reopening Australia’s arts and entertainment venues, and the return of international students. S&P Dow Jones Indices announced that TPG Telecom (ASX:TPM) will spin-off 1 share of Tuas (ASX:TUA) for every 2 TPG Telecom shares held.

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Investor fears over spike in coronavirus cases in the US: ASX to open lower

25 Jun 2020 - The ASX looks set to open lower this morning following a slump on Wall Street as a new surge of coronavirus cases develop in the US. California, Florida report record cases as NY orders quarantine for some travellers. Asia stocks have also dropped as virus worries grow. The Australian dollar was down 0.8%. Infigen (ASX:IFN) yesterday received a copy of a bidder’s statement from Iberdrola Renewables Australia Pty in relation to its off-market takeover bid.

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Fourth straight session closing up: ASX closed 0.2% higher

24 Jun 2020 - It has been a rollercoaster of a day for the ASX, the local bourse managed to close 0.2% higher. Shares in Perseus Mining (ASX:PRU) did well today after they released their sustainability report from 2019. The best performing sector was Utilities while the worst performing sector was Industrials. Cromwell Property Group (ASX:CMW) has told shareholders take no action in relation to a proportional takeover offer from ARA Asset Management.

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The information technology sector sees a boost: ASX tracking 0.1% lower

24 Jun 2020 - The ASX shot up at the open but failed to gain momentum and is now tracking 0.1% lower at noon. Following on from the US, tech stocks did well this morning with the Energy sector coming in lower. Shares in Perseus Mining (ASX:PRU) did well today after they released their sustainability report from 2019. Dexus (ASX:DXS) has conditionally exchanged contracts to sell 45 Clarence Street, Sydney.

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