Latest Market News

  • Home
  • Latest Market News
27Feb

Capital expenditure falls 2.8% in the December quarter: ASX tracking 0.8% lower at noon

27 Feb 2020 - The ASX failed to maintain momentum this morning where it rose slightly in early trade, dipping to now track 0.8% lower at noon. Shares in the a2 Milk Company (ASX:A2M) rose after they released their pleasing half year figures. Link Administration (ASX:LNK) shares fell. The best-performing sector is Healthcare, while the worst performing sector is Energy. AP Eagers (ASX:APE) is to sell the AHG Refrigerated Logistics division to Anchorage Capital Partners for $100 million.

Read more...
27Feb

AUD continues to struggle against the USD amid virus fears: ASX poised to open lower

27 Feb 2020 - The ASX looks set to open lower as US stocks fell for the fifth day. Treasury ten year note yields dropped. The NASDAQ did manage rise as the US markets swung into afternoon trade. On the commodities front, crude oil dropped below $50 a barrel. Lynas Corporation (ASX:LYC) is pleased to confirm that Lynas Malaysia has received a new three year operating licence.

Read more...
26Feb

All sectors close in the red: ASX closes 2.3% lower

26 Feb 2020 - The ASX dropped at the open and continued to fall throughout the day closing 2.3% lower. Healius (ASX:HLS) shares are on the rise after the news of the Partners Group proposal. As for the sectors, they are all in the red. Ferry operator SeaLink (ASX:SLK) report its half year net profit after tax is at $13.6 million, that’s up 3.8 per cent on the same.

Read more...
26Feb

Bubs (ASX:BUB) posts record half year profit: ASX tracking 2.3% lower at noon

26 Feb 2020 - The ASX dropped at the open and continued to fall through mid morning trade and is now tracking 2.3% lower at noon. Polynovo (ASX:PNV) shares dropped after reporting a net loss for the half year of $2.42 million, that’s 26% increase from last year. Bubs Australia (ASX:BUB) saw gross revenue of $28.75 million, up 37 per cent on the same period last year.

Read more...
26Feb

New coronavirus cases emerge as global stocks hit again: ASX set to open lower

26 Feb 2020 - The ASX looks set to open lower this morning as US stocks plunge. The global impact of the coronavirus outbreak continues to cause concern with South Korea now reporting near 1000 confirmed cases. European shares ended at their lowest in nearly two months. Healius (ASX:HLS) has received an unsolicited, non-binding indicative offer from a wholly-owned subsidiary of Partners Group.

Read more...
25Feb

Dow plunges as coronavirus fears grow: ASX poised to open lower

25 Feb 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. The Dow plunged as coronavirus fears grow. More cases emerged outside of China sending global stocks down. European stocks dropped and in Hong Kong the Hang Seng index fell almost 2%. Jumbo Interactive (ASX:JIN) has entered into a new SaaS 5 year licence agreement with MS Queensland.

Read more...
24Feb

Pental (ASX:PTL) NPAT reaches $1.48M: Aus shares close 2.3% lower

24 Feb 2020 - The Australian market dropped 2.3% today fuelled by renewed fears of the coronavirus spread. All sectors ended the day in negative territory with travel and entertainment stocks taking a hard hit. The negative sentiment generated by the coronavirus has also pushed the Australian dollar to its lowest point in over a decade. Household goods manufacturer Pental (ASX:PTL) has reported a 2.6 per cent increase in net profit after tax to $1.48 million for the half...

Read more...
24Feb

Worley doubles dividend: Aus shares 2.1% lower at noon

24 Feb 2020 - The Australian share market lost ground at the open following cautious leads from the US. It floated lower throughout the first half of the session and is tracking 2.1 per cent lower at noon. Every sector is down, with Consumer Discretionary, Energy and Information Technology losing over 3 per cent this morning. Worley (ASX:WOR) has doubled its interim dividend following strong results for the half year.

Read more...