01 Jun 2020 - The local sharemarket started the new month with a 1.1 per cent rally to finish at 5819 as iron ore miners pushed higher and banks bounced back from a weak start.
01 Jun 2020 - The Australian sharemarket has reversed an early dip the beginning of the trading week as the big four bank stocks push higher, while property stocks are taking a hit on the back of falls in property prices. The S&P/ASX200 Index is up 40 points, or 0.7 per cent, to 5796 points. Futures are pointing to a rise of 42 points.
01 Jun 2020 - The Australian sharemarket looks set to open lower following a mixed result in the US on Friday. Wall Street ended a volatile session with the Nasdaq and the S&P500 managing to hold onto gains after President Donald Trump didn’t take drastic punitive action against China as investors had feared.
29 May 2020 - Despite today’s losses, the market finished the week 4.5% higher. That’s the fifth consecutive week of gains for the ASX200. Investors are optimistic that the easing of covid-19 restrictions will signal an economic rebound. Heavy industry engineering and construction company Lycopodium (ASX:LYL) has revised its NPAT guidance for the financial year ending 30 June down to $11.5 million.
29 May 2020 - The Australian share market opened lower and slid throughout the morning as the big four bank rally that we have been seeing the first 4 sessions of the week came to an end. It is now tracking 1.1 per cent lower at noon.
29 May 2020 - Australian futures are pointing to a weak start after the Dow dropped almost 300 points in late session trade. The Australian National Cabinet will meet today to discuss how the lifting of lock down restrictions has progressed across the country and to develop public transport guidelines. Nine Entertainment Co Holdings (ASX:NEC) has revised its contract with the NRL for the next three years.
28 May 2020 - The Australian share market rose at the open and continued to rally, closing 1.3 per cent up at the end of today’s trade. 93% of businesses accessed support measures - ABS.
28 May 2020 - The Australian share market opened higher this morning and is now trading 2.31 per cent up at noon.
28 May 2020 - Following a lift from US markets overnight, the ASX looks set to open higher this morning. On Wall Street, optimism grew as more and more companies start to reopen. The Trump administration is considering sanctions on Chinese officials, threatening to escalate tensions between the world’s two largest economies. Back home experts warn many businesses will collapse in September when the JobKeeper allowance is withdrawn. On the commodities front gold and oil both fell. Synlait Milk...
27 May 2020 - After a rise after mid-morning trade the ASX took an afternoon slump and closed 0.1% lower. Banks saw a rally today. The ANZ (ASX:ANZ), NAB (ASX:NAB) and Westpac (ASX:WBC) all closed around 8%. Saracen Mineral Holdings (ASX:SAR) shares saw a decline today. Director Raleigh Finlayson has sold 500,000 shares in the company. Resimac Group (ASX:RMC) is pleased to confirm it has priced a $500 million prime Residential Mortgage-Backed Security (RMBS) transaction.
