Finance News
24 Jan 2020 - The Australian share market rose at the open although closed flat for the end of the week. Shares in Insurance Australia (ASX:IAG) took a tumble, following the insurer's warning to shareholders on recent claims.
24 Jan 2020 - The Australian share market rose at the open. Downer (ASX:DOW) and Cimic (ASX:CIM) are leading the gains this morning after plummeting yesterday. Prospa Group (ASX:PGL) appoint interim CFO.
24 Jan 2020 - Following positive leads from US markets, the ASX looks set to open higher despite more people infected by the virus in China that's rocked the markets. The World Health Organisation says it is “a bit too early†to declare a new coronavirus a global health emergency. Nuheara (ASX:NUH) has executed an agreement for $2.5 million funding with the Lind Global Macro Fund.
23 Jan 2020 - It has been a negative day of trade for the ASX closing 0.6% lower. Shares shot up for National Storage REIT (ASX:NSR) after they confirmed they had received a takeover offer from private equity fund manager Gaw Capital Partners. And Telix Pharmaceuticals (ASX:TLX) reports that the US Food and Drug Administration has approved the ZIRCON study for recruitment of American patients.
23 Jan 2020 - The ASX fell at the open and is now tracking 0.7% lower at noon. CIMIC Group (ASX:CIM) shares dropped today after they announced they will exit the Middle East expecting to take a one-off charge of $1.8b. The directors of Encounter Resources (ASX:ENR) in joint venture with Newcrest (ASX:NCM) identified bedrock gold mineralisation and geological controls at Afghan and Mojave prospects.
23 Jan 2020 - The ASX is set to open lower this morning after being rocked by news of China's virus seeing the death toll rise to 17. Meanwhile, over in Europe Trump says the EU has “no choice†but to negotiate a new trade deal with America. Cann Global (ASX:CGB) has signed a contract deal with EPCO Foods Co. in Vietnam and COSTCO Australia.
22 Jan 2020 - The Australian share market hits a new high closing 0.9 per cent up. iSighthis (ASX:ISX) updates shareholders on court action against the ASX. PolyNovo (ASX:PNV) led gains on Europe product sales.
22 Jan 2020 - The Australian share market opened higher this morning and is now tracking 0.5 per cent up at noon. Capitol Health (ASX:CAJ) acquires Fowler Simmons.
22 Jan 2020 - The ASX looks set to open lower this morning. Wall Street saw weak leads possibly due to the first US case of coronavirus that has killed six people in China. In other news, Amazon filed to trademark ‘Amazon Pharmacy' here signalling a potential move into selling prescription drugs outside of the US. Greg Fox, Bapcor's (ASX:BAP) Chief Financial Officer and Company Secretary has announced that he will retire.
21 Jan 2020 - The local bourse failed to move into positive territory closing 0.2% lower. Tech losses are led by Wisetech Global (ASX:WTC) and Technology One (ASX:TNE). HUB24 (ASX:HUB) shares are down despite posting record first half net inflows of $2.5 billion. Altura Mining (ASX:AJM) recently shipped a record cargo of 24,500 wet metric tonnes (wmt) to long-term offtake partner Ganfeng Lithium.
21 Jan 2020 - The ASX fell at the open and has failed to gather momentum throughout the morning so far is now tracking 0.4% lower at noon. Orocobre (ASX:ORE) shares are on the decline – this comes as they reported yesterday they have signed two new contracts for supply of battery grade lithium carbonate to top tier Chinese cathode manufacturers. Resolute Mining (ASX:RSG) has agreed to repay all amounts outstanding under the Toro Gold acquisition finance facility.
21 Jan 2020 - A US holiday yesterday, Martin Luther King day, saw muted markets leaving the ASX poised to open flat. BHP (ASX:BHP) will release its half year operational review later this morning. On the commodities front, oil has risen despite a sluggish day yesterday due to a lack of volume. Primewest (ASX:PWG) has acquired a high profile office building in West Perth and a Woolworths anchored shopping centre in Mandurah.
20 Jan 2020 - It's been an upbeat day of trade, with the ASX200 finishing 0.2 per cent higher despite a mid-session dip. This marks the 5th consecutive session of gains for the local bourse. The Materials sector led the gains, bolstered by strong performances from Silver Lake Resources (ASX:SLR) and Fortescue Metals Group (ASX:FMG).
20 Jan 2020 - The Australian share market opened slightly lower this morning. It jumped in the first twenty minutes of trade, has been tracking sideways into the mid-session and is now tracking 0.3% higher. Shares in Nib Holdings (ASX:NHF) were hit hard this morning after the company downgraded its underlying operating profit by $30 million for the 2020 financial year.
20 Jan 2020 - The ASX is set to open higher following strong leads from Europe and US markets. US major indices inked fresh record highs on Friday fuelled by tech stocks, robust retail data and positive sentiment generated from the US-China phase 1 trade deal. In Europe, utility stocks soared on the German Government's plans to compensate RWE €2.6B for costs related to the country's planned coal exit.
17 Jan 2020 - It has been a positive week of trade for the Australian share market. Today, the market opened in the black following strong leads from the US overnight, as Wall Street rallied on the execution of the US-China phase one trade deal. It closed 0.3 per cent higher. Over the week, the market hit a fresh record high, managing to push above the 7,000-point barrier for the first time on record. Ord Minnett has downgraded Megaport (ASX:MP1) from an accumulate to a hold, with a 12-month price target of $11.30.
17 Jan 2020 - The Australian share market is tracking 0.5% higher at noon. Macquarie has downgraded Magellan Financial Group (ASX:MFG) from a neutral to an underperform, with a 12-month price target of $55.00.
17 Jan 2020 - The Australian share market is poised to open higher. After a week of flirting with the 7000-point barrier, the ASX200 managed to push above the 7000 mark yesterday for the first time on record. Strong leads from the US overnight as Wall Street rallied on the execution of the US-China phase one trade deal.
16 Jan 2020 - The Australian share market closed 0.7% higher on the back of the US and China trade deal passing 7000 point barrier.
16 Jan 2020 - The Australian share market soared past the 7000 point barrier with the US and China signing the phase one trade agreement and the Dow closing above 29k. CSL (ASX:CSL) hits $300 share price.
16 Jan 2020 - The Australian share market is set to open higher this morning after the US and China sign trade deal. Turners Automotive Group (ASX:TRA) to launch Carly vehicle subscription service in New Zealand.
15 Jan 2020 - It's been a positive day of trade for the local sharemarket hitting a new record high and closing within 13 points of a key 7000 level.
15 Jan 2020 - Australian shares have pushed higher to a new record in early trade despite a mixed lead from the US overnight. Shares in gold and base metals explorer Kalamazoo (KZR) have surged as much as 46 per cent in early trade, after receiving backing from Canadian-listed gold explorer Novo Resources and renowned gold investor Eric Sprott.
20 Jan 2020 - The Australian share market is set to edge higher despite a volatile session on Wall Street with shares ending mostly lower on Tuesday. Medical technology company Volpara (ASX:VHT) has today announced changes to its board with Karin Lindgren to join the Board as an independent, non-executive Director.
14 Jan 2020 - It's been a positive day of trade for the Australian share market closing 0.9 per cent higher. Kangaroo Island Plantation Timbers (ASX:KPT) report further damage.
14 Jan 2020 - Neo-lender Wisr (ASX:WZR) has responded to the ASX saying it was not in breach of continuous disclosure rules. Electro Optic Systems (ASX:EOS) appoints John Berry, the former US ambassador to Australia, to the board of its US subsidiary.
14 Jan 2020 - The Australian share market is set to edge higher following a rally on Wall Street on the back of reports the US will remove China from a list of currency manipulating countries.
13 Jan 2020 - The Australian share market closed 0.4 per cent lower at the end of Monday's trade. Tech stocks led the way with Afterpay (ASX: APT) coming up on top. Shares in Zip Co (ASX:Z1P) also rose.
13 Jan 2020 - The Australian share plunged at the open and is now tracking 0.5 per cent lower at noon. Monadelphous Group (ASX:MND) joint venture Mondium has secured a $400 million contract with mining giant Rio Tinto (ASX:RIO).
13 Jan 2020 - The Australian share market is poised to open the week lower following a retreat on Wall Street in late trade on Friday. Investors remain wary about the tensions between the US and Iran and are eagerly awaiting the execution of the US/China phase one trade deal later in the week. Freedom Foods Group (ASX:FNP) has given an update on its ongoing dispute with its US almond supplier, Blue Diamond Growers.
10 Jan 2020 - It has been a positive day of trade for the ASX for the end of the week with the local bourse managing to close 0.8% higher. Evolution Mining (ASX:EVN) saw their shares fall after they downgraded their production guidance for its Mt Carlton operation. IMF Bentham (ASX:IMF) expects to receive approximately €4.8 million in FY20 from an Omni Bridgeway European recovery mandate investment.
10 Jan 2020 - The ASX rose at the open and managed to maintain momentum and is now tracking 0.6% higher at noon. Vocus Group (ASX:VOC) shares saw a rise today as did Domain Holdings (ASX:DHG). SeaLink Travel Group (ASX:SLK) reports significant damage has been sustained to the SeaLink owned Vivonne Bay Lodge on Kangaroo Island as a result of recent bush fires.
10 Jan 2020 - Australian futures are indicating a positive start to the session following strong performances from US markets overnight as tensions in the Middle East ease. Retirement village operator, Summerset Group (ASX:SNZ) boasts its strongest quarter for new sales in 3 years.
09 Jan 2020 - The Australian share market rallied at the open and closed 0.8 per cent higher. Pilbara Minerals (ASX:PLS) led the way in the gains today. Suncorp (ASX:SUN) bushfire claims estimated between $315 to 345 million.
