Latest Market News

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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Aussie shares almost wipe out last week’s gains: Aus shares lose 1.3%

26 Aug 2019 - China enforces $75 billion of 5-10% tariffs, plus adds 25% on US cars. Trump tweets back, rising China $250 billion tariff to 30% & rising $300 billion tariff to 15%, seeing yield curve briefly invert, oil sinks and gold rally. Sequoia Financial (ASX:SEQ) 11.9 million buyback, Fortescue (ASX:FMG) profit up 195%, Monash IVF (ASX:MVF) profit sinks 2.3% & Regis Resources (ASX:RRL) to triple Duketon gold tenements.

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China fires shots in trade war, Trump tweets back: Aus shares 1.5% lower at noon

26 Aug 2019 - Market at midday: China hits 5-10% tariff on $75b of US goods - Trump raises China tariff amounts to 30% and 15%. Gold soars to US$1,545, Feb 2012 levels, gold stocks rally. Monash IVF (ASX:MVF) returns to earnings growth in 2H19, however FY19 NPAT fell 2.3% to $21m. Zip Co (ASX:Z1P) inks landmark debt funding deal to increase business scale.

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Trump regrets not raising Chinese tariffs higher: ASX poised to open lower

26 Aug 2019 - The ASX is set to see a downturn this morning after a rumble over the US China trade war. Trump was asked if he had second thoughts about escalating the trade war with China. He said yes. On the commodities front, safe haven gold has shot up almost $30 an ounce. Virtus Health (ASX:VRT) has appointed Dr Michael Stanford AM to its Board as a Non-Executive Director.

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ASX claws back, IT sector up 7% this week: Aus shares close 0.3% higher Friday, 1.8% up on week

23 Aug 2019 - Aussie market gains 1.8% on week as Info Tech sector rises 7%, Energy gains 5.5%. Sims Metal Management Limited (ASX:SGM) shares hit 4-week high on FY19 revenue rising. Mayne Pharma (ASX:MYX) shares hit 6-week high on gross profit up 13%. Brickworks (ASX:BKW) expands in US on another acquisition. Boral (ASX:BLD) completes exit of bricks in Australia.

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Mixed earnings see morning dip in the market: ASX tracking 0.4% higher at noon

23 Aug 2019 - The ASX opened lower following mixed leads from Wall St and is now tracking 0.4% higher at noon. Shares in pharmaceutical company Mayne Pharma (ASX:MYX) shot up 10% this morning after reporting today showing a full-year net loss of $280m. Whitehaven Coal (ASX:WHC) has entered into a binding agreement to acquire EDF Trading Australia, which owns a 7.5% interest in the Whitehaven-operated Narrabri Mine.

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Healthcare sector sees biggest gain a year: Aus shares close 0.4% higher

14 Aug 2019 - Healthcare sector sees biggest gain in a year. CSL (ASX:CSL) shares hit a new high on immunoglobulin (anti-infection) business. Pilbara Minerals (ASX:PLS) shares bounce off 2017 levels. Aussie wages price more than expected. Aveo (ASX:AOG) inks implementation for $1.3b takeover. Pact Group (ASX:PGH) swings into loss on higher costs. Tabcorp (ASX:TAH) profit up 100% on digital lotteries growth.

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