Latest Market News

Nickel miners surge on Indo export bank: Aus shares snap 4-day win streak, lose 0.4%

02 Sep 2019 - Aussie shares see first day of red in five sessions, falling 0.4%. Manufacturing rises more than expected. Incitec Pivot Limited’s (ASX:IPL) kicks off review of Asia Pacific businesses, drops EBIT forecast. Western Areas (ASX:WSA) shares jump to year-high, up 14% on nickel price jump & JV progress. Telstra (ASX:TLS) updates guidance. Australian Unity Office Fund (ASX:AOF) $495m takeover on the cards.

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Sluggish start to week, Nickel prices & companies soar: Aus shares 0.1% lower at noon

02 Sep 2019 - Sluggish start to the trading week, Aussie shares break the four-day winning streak. Nickel prices skyrocketed to five-year highs on Indonesia banning ore exports from Dec. Australian manufacturing stronger than expected for new financial year. Link Group (ASX:LNK) upgraded with PT of $6.20. Western Areas (ASX:WSA) shares surge to year high on Nickel price rise plus on new discovery of high-grade nickel-copper at JV. Netwealth Group (ASX:NWL) Heine family reduce stake.

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IT sector adds the most this week, 6%: Aus shares rise for 2nd week, this time adding 1.2%

30 Aug 2019 - Four days of straight gains and benchmark ASX200 now about 4% away from the all-time high hit late July. Australian dwellings approvals fall 9.7%, vs flat result expected. Austal Ltd (ASX:ASB) shares jump on record revenue and profit. Resolute Mining (ASX:RSG) attributable profit lifts 9%. ACCC takes action against BlueScope Steel (ASX:BSL).

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Information Technology sector bolsters market: ASX tracking 1.2% higher at noon

30 Aug 2019 - The ASX opened higher and continued to rise throughout the morning now tracking at 1.2% higher at noon. The market has been bolstered by the Information Technology sector. Lithium miner Galaxy Resources (ASX:GXY) shares have slipped after reporting a huge half-year loss. Recce Pharmaceuticals (ASX:RCE) receive a successful grant application for a Research Hub in Sydney.

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US/China trade talks to resume: ASX set to open higher

30 Aug 2019 - Optimism resumed on the markets as President Donald Trump announced that the US and China are scheduled to have a conversation about trade today. The Dow surged more that 300 points. The ASX looks set to open higher this morning. Lithium miner Galaxy Resources (ASX:GXY) reported a huge half-year loss due to its flagship Mt Cattlin project.

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Link Admin shares on the up after pleasing NPAT: ASX closes 0.1% higher

29 Aug 2019 - The ASX fell throughout the day managing to gain momentum before the close to close at 0.1% higher. Financial company Link Administration Holdings (ASX:LNK) shot up over 10% today after reporting their NPAT was up 123% for the year. System solutions providers Objective Corp (ASX:OCL) has been awarded a $38 million contract with City of Gold Coast to continue their digital transformation.

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Appen shares hit despite revenue boost: ASX tracking 0.2% lower at noon

29 Aug 2019 - After a small rise at the open the ASX took a dip and continues to fall tracking 0.2% lower at noon. Shares in Woolworths (ASX:WOW) dragged on the market despite showing an increased net profit after tax by 7.2% to $1.75b. Appen (ASX:APX) shares also took a dip – they reported today showing revenue is up 60%. BidEnergy (ASX:BID) has signed a three-year agreement with Origin Energy (ASX:ORG) to deploy its world-leading Robotic Process Automation...

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Construction work done falls sharper than expected: ASX 0.2 per cent higher at noon

28 Aug 2019 - The ASX opened lower following soft leads from Wall Street and is now tracking 0.2% higher at noon. Shares in Bega Cheese (ASX:BGA) are on the up despite reporting today and showing their profit has seen a decline by half to $11.8 million. Afterpay Touch Group (ASX:APT) reported its full year results showing its statutory loss hit $42.9 million.

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