Finance News
07 Apr 2020 - After a strong start in early trade, the ASX200 slumped mid-morning on the ABS's announcement that the February trade balance had fallen to around $4.4 billion. It continued to float lower over the afternoon as the RBA announced a potential wind back of its government bond purchases on the secondary markets. Auckland International Airport (ASX:AIA) has completed the bookbuild for its NZ$1B placement.
07 Apr 2020 - The Australian share market rose at the open following positive leads from Wall Street. The S&P/ASX 200 index is tracking 0.1 per cent or 8 points higher at 5,294. The GPT Group (ASX:GPT) today announced that all properties in the GPT Wholesale Office Fund and the GPT Wholesale Shopping Centre Fund have been independently revalued as at 31 March 2020. The value of the properties was downgraded by approximately $183 million, representing a decline in book value of approximately 2 per cent.
07 Apr 2020 - Following positive leads from US markets, the ASX looks set to open higher. All three major US indexes jumped higher yesterday after reported declines in new coronavirus deaths over the weekend. Over in the UK Prime Minister Boris Johnson was moved to intensive care as his coronavirus symptoms worsened. Kalium Lakes (ASX:KLL) is pleased to announce the appointment of Dale Champion as a non-executive Director of the Company.
06 Apr 2020 - The Australian share market had a positive day of trade to finish 4.3 per cent up. Paradigm Biopharmaceuticals (ASX:PAR) to raise $35 million.
06 Apr 2020 - The Australian share market opened higher this morning and is now trading 2.8 per cent up at noon. G8 Education (ASX:GEM) has extended its trading halt to forecast impact of the Government Support Package.
06 Apr 2020 - The ASX looks set to open higher as the battle against coronavirus continues around the world. Chief Medical Officer Brendan Murphy says he is "increasingly confident" Australia will avoid the kind of devastation the virus has caused in countries like Italy and the United States. Fisher & Paykel Healthcare (ASX:FPH) say they have almost 5,000 people around the world focussed on meeting the increased demand for our respiratory products in response to the COVID-19 outbreak.
3 Apr 2020 - The Australian share market had a positive start to the session before trading flat at noon then falling sharply in the second half of trade erasing the days gains to finish 1.7 per cent down.
03 Apr 2020 - The Australian share market opened higher this morning following strong leads from the Energy sector and is now trading flat at 0.04 per cent. Hansen Technologies (ASX:HSN) withdraws guidance.
03 Apr 2020 - After a rally from US markets, the ASX looks set to open higher. It's been a rollercoaster of a week as investors monitor the COVID-19 crisis. Over one million people across the world have been infected, with over 51,000 losing their lives. The US now has the most recorded cases. Over 10-million Americans have filed for unemployment benefits since mid-March. SkyCity Entertainment Group (ASX:SKC) will immediately cut around 200 jobs in New Zealand, after standing down 90% of its workforce in Australia in Adelaide in an attempts to reduce costs.
02 Apr 2020 - The ASX dropped at the open and failed to recover closing 2% lower. Shares in Avita Medical (ASX:AVH) are down - they are a regenerative medicine company looking after medical needs in burns, chronic wounds with therapeutic skin restoration. Webjet (ASX:WEB) shares fell over 26%. Mayne Pharma (ASX:MYX) shares also dropped. Retail Food Group (ASX:RFG) today announced that it had taken a number of actions to the rapidly deteriorating trading conditions experienced by a large proportion of its domestic franchise network, to slow the spread of COVID-19.
02 Apr 2020 - The ASX dropped at the open and is now tracking 2.9% lower at noon. Webjet (ASX:WEB) successfully completed their $115 million institutional placement today. Shares in IDP Education (ASX:IEL) also rose. Shares in Harvey Norman Holdings (ASX:HVN) declined. All the sectors are in the red with Financials losing 5.2 per cent. Atlas Arteria (ASX:ALX) is pleased to announce that APRR has successfully priced €500 million of bonds under its Euro Medium Term Note Programme.
02 Apr 2020 - Following a slump on US markets, the ASX looks set to open lower. The US death toll rose to over 4,000. The Dow tumbled to near 1000 points. White House officials estimate that the COVID-19 outbreak will kill between 100,000 and 240,000 Americans this year, even with social distancing, business closures and other mitigation efforts. Spark Finance (ASX:SPK) has established two new committed revolving bank facilities.
01 Apr 2020 - The ASX has closed at a two week high closing 3.6% higher. Shares in Mayne Pharma (ASX:MYX) soared and SkyCity Entertainment (ASX:AKC) shares rose as did AP Eagers (ASX:APE). Synlait Milk (ASX:SM1) completed the purchase of Dairyworks today.
01 Apr 2020 - The ASX shot up at the open and is now tracking 3% higher at noon. Shares in Oil Search (ASX:OSH) and Worley Parsons (ASX:WOR) are doing well today. Yesterday Worley announced Chevron had extended one of their contracts by two years. Jumbo (ASX:JIN) shares are on the decline despite reporting today that they expect higher customer engagement. And National Veterinary Care (ASX:NVL) now wholly-owns The Fitzroy Clinic.
01 Apr 2020 - The ASX looks set to open higher as US stocks fluctuated between gains and losses yesterday as global cases of coronavirus continue to rise. In the US, Trump has called for a second $US2 trillion stimulus package. And Meridian Energy (ASX:MEZ) has confirmed that Rio Tinto has not yet provided any update on the Strategic Review of the Tiwai Point Aluminium Smelter they own.
31 Mar 2020 - The Australian share market had a positive start to the session, up almost 3 per cent at noon, then fell sharply in the second half of trade erasing the days gain to finish 2 per cent down.
31 Mar 2020 - The Australian share market opened higher again this morning and is now trading 2.8 per cent higher. Virgin Australia (ASX:VAH) has gone into a trading halt as it seeks financial support from the Federal Government.
31 Mar 2020 - We saw a surge on the markets yesterday closing 7% higher – this movement is expected to continue with the ASX expected to open higher this morning. European governments moved to tighten restrictions to contain the coronavirus outbreak with an unrelenting rise in infections and deaths. Air New Zealand (ASX:AIZ) will begin reducing its workforce from this week as the severe economic impact of COVID-19 hits the airline.
30 Mar 2020 - It has been a mostly positive day of trade for the ASX after managing to gain momentum the local bourse managed to close 7% higher. Mayne Pharma (ASX:MYX) shares saw a rise today. Cyclopharm, (ASX:CYC) through its subsidary Cyclomedica Australia, has lodged its New Drug Application (NDA) for Technegas, a nuclear medicine functional lung ventilation imaging agent, with the United States Food and Drug Administration (USFDA).
30 Mar 2020 - The ASX rose at the open then after a shaky start rose up to be now tracking 1.4% higher at noon. Ansell (ASX:ANN) shares performed well today after they affirmed their guidance as demand jumps for protective wear. Declines were seen in Virgin Money UK (ASX:VUK) and Abacus Property (ASX:ABP). Webjet (ASX:WEB) says work on its proposed capital raising is still ongoing.
30 Mar 2020 - We can expect the sharemarket to start the week lower this morning after Wall Street fell in Friday's session and the death toll from the coronavirus continues to rise globally. The head of the International Monetary Fund Kristalina Georgieva says the global economy has now entered a recession. She said there could be a sizable rebound in 2021 but only if nations succeed in containing the coronavirus and limiting the economic damage. Summerset Group Holdings (ASX:SNZ) says all their aged care villages are operating under the level 4 self-isolation requirements as New Zealand brought the alert in response to COVID-19.
27 Mar 2020 - After a promising start, the ASX took a dip around midday trading and failed to gain momentum bourse closing 5.3% lower. Wisetech Global (ASX:WTC) shares rose today as did Clinuvel (ASX:CUV). Declines were seen with oOh!Media (ASX:OML) and Credit Corp (ASX:CCP). As for the sectors they all closed in negative territory today with Utilities losing the least and Real Estate Investment Trust fell lower.
27 Mar 2020 - The ASX shot up at the open but took a downward turn in late morning trade and is now tracking 0.5% lower at noon. Shares in Afterpay Touch (ASX:APT) are rising today after a bit of a rollercoaster. Co-Founder and CEO Anthony Eisen insists the company has enough cash to weather the storm, while business activities are yet to be impacted by COVDID-19. The Decmil Group (ASX:DCG) released delayed results today to fully understand the impact of the termination of a contract with the New Zealand Department of Corrections.
27 Mar 2020 - Positive leads from US markets mean we are set to see the ASX open higher this morning. All three major benchmarks on Wall Street closed sharply higher yesterday ignoring the US jobless claims surging to more than 3 million in the latest week. Westgold Resources (ASX:WGX) says all of their process plants are operating at full capacity, thanks to the multitude of ore sources Westgold has in the Murchison region.
26 Mar 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 2.3% higher. Shares in Northern Star Resources are down over 15% today after they estimated disruptions will result in March quarter production being 10-15% lower than expected. oOh! Media (ASX:OML) are set to raise $167 million via a fully-underwritten equity raising.
26 Mar 2020 - The ASX shot up at the open and is now tracking 0.6% higher at noon. Shares in The Star Entertainment Group (ASX:SGR) are on the rise after reporting yesterday that they will temporarily stand down over 90% of their approximately 9,000 employees. MedAdvisor (ASX:MDR) is fast-tracking the rollout of Phase 1 of its delivery service to help deliver much-needed medications to patients during the COVID-19 pandemic.
26 Mar 2020 - As the US markets pared their gains, the ASX looks set to open higher this morning. The Dow has jumped in the last two days as the White House and congressional leaders said they had agreed to a $2 trillion stimulus bill to combat the economic slowdown from the coronavirus pandemic. Equities advanced in Europe and on the commodities front, oil has up slightly and gold has dropped over $25. New Zealand electricity company Mercury's (ASX:MCY) appointed Chief Executive, Vince Hawksworth, will take up his position with the company on Monday.
25 Mar 2020 - It has been a positive day of trade for the ASX after rising at the open it managed to stay in positive territory closing 5.5% higher. Qantas (ASX:QAN) shares rose after securing $1.5 billion in debt funding. New Zealand sanitiser manufacturer Zoono Group (ASX:ZNO) has entered into an Exclusive Distribution Agreement with Al Rabban Capital for the distribution in the Middle East and North Africa.
25 Mar 2020 - The ASX shot up at the open and is now tracking 3.5% higher at noon. Prime Minister Scott Morrison announced that a COVID-19 coordination commission has been established, which will be headed up by former Fortescue Metals Group chief executive Neville Power. The Qantas Group (ASX:QAN) has completed a new round of debt funding, securing $1.05 billion in additional liquidity.
25 Mar 2020 - The ASX looks set to open higher. The Dow rebounded more than 11% in its best day since 1933. The rise comes as US Congress battles out a coronavirus stimulus deal. Meanwhile, US President Donald Trump says he wants to reopen the US economy by Easter. Back home economists report that we could see house prices plummet by 20%. Fletcher Building (ASX:FBU) says there has been no material disruption to our manufacturing, distribution, residential and construction operations during the coronavirus pandemic.
24 Mar 2020 - It's been a relatively positive day of trade for the Australian share market, closing 4.2 per cent up. Santos' (ASX:STO) South African Energy Coal and Aluminium operations ordered into lockdown.
24 Mar 2020 - The Australian share market opened higher this morning jumping more than 2 per cent within the first half hour of trade and is now tracking 2.9 per cent higher at noon. Credit Corp (ASX:CCP) was up over 45 per cent leading the top 200 and gold companies were also rallying by midday.
24 Mar 2020 - The ASX looks set to open higher despite Wall Street's slide deepening yesterday as coronavirus forced more US states into lockdown. Over in the UK Prime Minister Boris Johnson has just announced a ban on people leaving their homes except for food, medical treatment, daily exercise or travel to 'essential' work. Michael Hill International (ASX:MHJ) has closed its stores indefinitely.
23 Mar 2020 - An aggressive sell-off on the Australian market this morning forced the market to fresh 8-year lows today as investors feared the impact of extensive business shutdowns. The market showed signs of recovery over the afternoon but still closed 5.6% lower. Credit Suisse has more than halved its 2-month price target for Air New Zealand (ASX:AIZ) from NZ$2.00 to NZ$0.95.
23 Mar 2020 - The Australian market has tumbled 8.2 per cent over the morning as investors come to terms with Prime Minister Scott Morrison's announcement that from midday today, tough new ‘stage one' restrictions are in place. The sinking oil price is having widespread impacts on the market so much so that Freedom Oil and Gas (ASX:FDM) has entered voluntary administration.
23 Mar 2020 - The ASX recorded one of its worst month's in history - it's now set to open lower as the coronavirus continues to strike fear in investors. Last night Prime Minister Scott Morrison announced tough new 'stage one' restrictions, ordering pubs and licensed premises close for six months. AP Eagers (ASX:APE) have decided to reduce the amount of the fully franked final dividend from 22.5 cents per share to 11.25 cents per share.
20 Mar 2020 - The Australian share market was in positive territory for the day closing 0.7 per cent higher. Budget will not be handed down until October 6. Big banks announce major COVID-19 support packages.
20 Mar 2020 - The Australian share market rose at the open and is now tracking 2.9 per cent higher at noon with only a handful of the top 50 in the red. Shares in CIMIC (ASX:CIM) Group soared almost 50 per cent.
20 Mar 2020 - The ASX looks set to open higher this morning as tech stocks rallied. Alphabet, Microsoft, and Facebook all slumped on Wednesday but with many in lockdown across the world due to the coronavirus crisis - remote, internet-based activity caused tech shares to rally yesterday. In the US bargain hunters grabbed Twitter stocks and Netflix - all up at least 5%. Nigel Greenwood is stepping down as Synlait Milk (ASX:SM1) Chief Financial Officer and will be replaced by Angela Dixon.
19 Mar 2020 - The ASX extended it's losses today closing 3.4% lower despite the RBA announcing a stimulus package. Super retail Group (ASX:SUL), shares took a real hit today dropping over 35%. The AUD continued to drop this afternoon now standing at below 56 cents against the USD. FINEOS Corporation (ASX:FCL) has signed a new software license agreement with the Executive Office of Labor and Workforce Development of the Commonwealth of Massachusetts.
19 Mar 2020 - The ASX rose at the open and is now tracking 0.5% lower at noon. Travel companies are being hit hard with Flight Centre Travel Group (ASX:FLT) and Corporate Travel Management (ASX:CTD) seeing their shares fall. Credit Corp (ASX:CCP) shares saw a huge drop of almost 35 per cent. Gains were seen this morning in Rio Tinto (ASX:RIO) despite an earthquake near its Kennecott mine near Salt Lake City, in Utah in the US. Harvey Norman (ASX:HVN) has released its sales figures for the first 17 days of March showing Australian franchisees are up 9.1%.
19 Mar 2020 - Following negative leads from US markets, the ASX looks set to open lower this morning. Panic selling continues in overseas markets. Stocks tumbled on Wall St on Wednesday, as the coronavirus crisis continues. The AUD continues to extend its losses against the USD falling as low as US57 cents overnight. As the COVID-19 outbreak continues, First Graphene (ASX:FGR) report that their Henderson facility continues to operate with recommended precautions.
18 Mar 2020 - The Australian share market has fallen below the 5000-point barrier this afternoon, closing 6.4 per cent lower. Afterpay (ASX:APT) fell 34 per cent.
18 Mar 2020 - The Australian share market opened lower this morning tracking 3.6 per cent lower at noon, following continued economic uncertainty. Collins Foods' (ASX:CKF) KFC have closed all in-dining areas across the country.
