Finance News
15 Oct 2018 - Today we saw the ASX end the session almost 1% lower due to a dip before the close. A weaker housing market sees real estate advertising companies down. Asia saw declines of around 1% also. Meantime, Cimic Group's (ASX:CIM) Thiess, has secured a $1.2 b contract from BHP (ASX:BHP).
15 Oct 2018 - Market at Midday. ASX slides 1.6% hitting new 6-month low with all sectors in red. Alumima (ASX:AWC) down 2.5% despite aluminum price bounce. Centuria Industrial REIT (ASX:CIP) inks deal to buy $42m property, taking its portfolio to $1.1b. APN Outdoor (ASX:APO) green lights $1.1b French takeover. IPO Security Matters (SMX) lists at 5% premium.
15 Oct 2018 - Despite positive leads from US markets, the Australian share market looks set to open lower. Michael Hill (ASX:MHJ) has provided a trading update for the quarter to September 30 2018.
12 Oct 2018 - The ASX ended the week slightly higher after heavy losses yesterday. Resolute mining (ASX:RSG) and Afterpay Touch (ASX:APT) are on the up. Media companies struggled though. Sandfire Resources NL (ASX:SFR) completes 30% interest in the Springfield Exploration and Mining JV held by Talisman Mining (ASX:TLM)
12 Oct 2018 - Market at Midday. ASX clawing back from new 6-month low. Fortescue (ASX:FMG) upgraded & rallies 4.7% 'what's not to like about $500m buy-back & best YTD iron ore prices'. Citi issues BHP (ASX:BHP) alert 'softer 2H after solid June'. Centuria (ASX:CNI) flexes property muscle with new raising & increasing stake in Propertylink. IPO Tribeca Global Natural (ASX:TGF) trades flat.
12 Oct 2018 - The ASX is poised to open lower this morning after a volatile day on Wall Street. The S&P 500 is at a three-month low after a six-day slide. Earlier, Asian and European equities plunged. Travel company Helloworld (ASX:HLO) sees EBITDA rise 18.2%.
11 Oct 2018 - Aussie stocks were sold off following Wall Street seeing its worst drop in eight months and the Nasdaq losing 4 per cent. All three majors in the US fell more than 3 per cent. All sectors closed in the red with tech stocks losing the most. And Hometown is a step closer to taking over the over Gateway Lifestyle Group (ASX:GTY).
11 Oct 2018 - ASX down 1.9% mid-session on US equity market sell-off. Gold stocks rally, St Barbara up 4%. Harvey Norman Holdings goes ex-div. Netwealth funds hit $19.3b. MMJ's partly owned company to create cannabis oil. Watch for more and click to see stock upgrades.
11 Oct 2018 - Australian shares are set to drop at the open – we are seeing renewed concerns about the US and China trade war. On Wall Street all three major benchmarks plunged. Rising global yields continue to cause concern. The price of oil fell as a major hurricane heads for the Florida Panhandle. Capio acquisition for Ramsay Health Care (ASX:RHC).
10 Oct 2018 - Market Wrap. Centuria Capital (ASX:CNI) upgrades distribution and earnings guidance on back of four property acquisitions. CBA (ASX:CBA) served class action for CFS Investment.
10 Oct 2018 - Market at Midday. ASX tries to hang on. Navitas up 22% on $2b takeover offer. Flight Centre upgraded. Kirkland Lake Gold shares rise on record gold production. Greencross up 16% on confirming takeover talks. The AUD and iron ore price rally. Watch for more.
10 Oct 2018 - The ASX is set open lower. Shares on Wall St failed to hold early gains despite tech stocks rebounding. The IMF downgraded its forecast for global growth for this year to 3.7 per cent from 3.9 per cent. The Star Entertainment Group (ASX:SGR) see EPS performance above target.
09 Oct 2018 - The ASX has dropped for the second day with concerns over US interest rate rises. Trading volumes were high today. Biotechnology company CSL (ASX:CSL) dragged on the market, and Wisetech global (ASX:WTC) performed poorly. Hancock's subsidiary Redstone secures 90% of Atlas Iron (ASX:AGO).
09 Oct 2018 - Market at Midday. US interest rate concerns flow through global market. MYOB continues rally, hitting $3.60. NEXTDC rallies again after making Asia Pacific Data Centre takeover offer. Oil Search says Alaskan assets are increasingly positive.
09 Oct 2018 - Aus shares to open lower following weak leads from Wall St. Gains were capped with investors concerned over rising interest rates. Hometown has decided to extend the offer period under its off-market takeover offer for Gateway Lifestyle Group (ASX:GTY).
08 Oct 2018 - Market Wrap. ASX loses 4 months of gains, biggest drop in 6 months. Beach Energy sees selling on reduced guidance. MYOB shares hit yearly high. Wesfarmers' Coles demerger 'negative'. A2 Milk upgraded on positivity about inventory.
08 Oct 2018 - Market at Midday. ASX nears 4-month lows. Wesfarmers (ASX:WES) slides on negative outlook. A2 Milk (ASX:A2M) rallies on upgrade. KKR makes $2.2b takeover offer for MYOB (ASX:MYO) sending its shares 19% higher. Orocobre's (ASX:ORE) lead independent director retires.
08 Oct 2018 - Aus shares to open lower following negative leads from Wall Street. US jobs report weighed on stocks and boosted treasury yields. Wesfarmers (ASX:WES) has provided details on the Coles Supermarket demerger.
05 Oct 2018 - Market Wrap. 3-day rally not enough, to shake our losses. Consumer Discretionary and Financials weigh on the ASX this week. Energy and Materials up the most. Austal wins US$16.4m contract. Dexus to buy 29% in Heathley for $11.3m. Magnis Resources accelerates work on Gigafactory.
05 Oct 2018 - Market at Midday. Retail sales rise, beating consensus. Construction industry contracts for the first time in 20 months. St Barbara up 5.9% on gold rally. Beach Energy down 3.4% on downgrading FY19 guidance following proposed Victorian Otway $344m sale. New Century Resources up 4.4% on shipment news.
05 Oct 2018 - The ASX is set to drop at the open. The S&P 500 dropped to a three-week low and the Nasdaq tumbled. Global bond yields continued to rise. Pacific Current Group (ASX:PAC) has completed the sale of its interests in Aperio Group.
04 Oct 2018 - Market Wrap. Aluminum rises to 3-months high, US crude at 4-year high. Alumina (ASX:AWC) up 11%. Australia's balance of trade beats expectations. Bank of Queensland (ASX:BOQ) gains 2.2% despite missing estimates & being downgraded. Magellan Financial (ASX:MFG) up 7.8% on reshuffle and FUM rise.
04 Oct 2018 - Market at Midday. Australia's balance of trade rises 4% to $1.6 billion, beating expectations. Lendlease in midst of multi-million buy-back and upgraded to a buy by Citi. Pact Group Holdings and Bank of Queensland downgraded. Magellan sees $86 million growth in funds and reshuffles head seats.
04 Oct 2018 - ASX set to open higher. In the US, trading volume jumped amid evidence the American economy keeps growing as a selloff in Treasuries deepened and US stocks edged higher. Downer EDI (ASX:DOW) announced that it had been awarded a three-year contract by BHP Billiton Iron Ore.
03 Oct 2018 - Market Wrap. Gold stocks rally on precious metal at 5-day highs, Saracen Mineral Holdings hits 3-month high, St Barbara hits 7-day high. Northern Star Resources presents at Precious Metals Symposium, shares at 8-day high. Australian Dwelling numbers & service sector stats miss mark.
03 Oct 2018 - Market at Midday. Gold lifts above US$1,200 seeing gold miners rally. Dwelling approvals tumble 9.4%, vs 1% rise expected. Services sector lifts for 19th month. Ardent Leisure Group advises restructure proposal and Carnegie Clean Energy meets with WA Govt. Watch for more.
03 Oct 2018 - The ASX is set to edge higher at the open. Shares on Wall St ended mixed with the Dow closing at a record high, the S&P 500 flat and the Nasdaq down. Afterpay Touch Group (ASX:APT) has entered into a Business Sale Deed with Nelumbo.
02 Oct 2018 - Market Wrap. Most sectors give up gains. Rates held for a record 25 times. AMP at 15-year lows. Qantas sold down by Helloworld. Pilbara Minerals ships first ever shipment from WA for Asia. IPO Euro Manganese up 23%. Watch for more.
02 Oct 2018 - Market at Midday. ASX200 wipes out 3 months of gains and takes the market back to June levels. Rates to hold for 25th time. Most sectors lower. Mesoblast down 9.4% despite being selected to present at American Heart Association. iSignthis up 6.9% on deal. Euro Manganese IPO up 23%. AusCann releases doctor education courses for cannabis medicine.
02 Oct 2018 - Aus shares set for positive start following mixed leads from Wall Street. Investors cheered the news of Canada joining a trade deal with the US and Mexico. Hancock Prospecting has increased its bid for Atlas Iron (ASX:AGO) to 4.6 cents per share.
01 Oct 2018 - It's been a quiet day on the markets with the ASX closing lower. New Zealand software company Xero did well today, Nufarm shares were down. The Canadian dollar and Mexican peso are soaring against the American dollar on news the countries signed a new free trade deal with the United States. And the executive director of Superloop (ASX:SLC) steps down.
01 Oct 2018 - The ASX dropped at the open and is now 0.6 per cent lower at noon. Thousands of traders are away from their desks due to Labour Day for some states, keeping volumes low. Contact Energy (ASX:CEN) has sold Ahuroa Gas Storage facility to Gas Services New Zealand, an associate of First Gas Limited.
01 Oct 2018 - Aus shares look set to open lower this morning after US stocks ended virtually unchanged on Friday. Westpac (ASX:WBC) CEO Brian Hartzer has apologised to customers affected by mistakes made by the bank.
28 Sep 2018 - Market Wrap. 3-wk high. Financials up most today 1.2% despite 'shame for Australia's banks.' Sep Wrap, Energy up the most 3.6%, Telcos up 2.1%, Healthcare down 7.5%. Blue Sky Alternative (ASX:BLA) gets lifeline, $50m loan with Oaktree.