Monthly Archives - March 2020

Dow suffers worst drop since Black Monday: ASX poised to plunge at the open

13 Mar 2020 - The ASX looks set to drop at the open. The Dow Jones Industrial Average plunged yesterday suffering its worst drop since the 1987 “Black Monday” market crash, when it collapsed by more than 22%. Trading was stopped for 15 minutes shortly after the open in New York. But the pause failed to keep the index from closing in a bear market. The Decmil Group (ASX:DCG) believes it is entitled to all amounts claimed for its...

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Coronavirus stimulus package includes $750 cash payments: ASX closed 7.4% lower

12 Mar 2020 - The ASX closed 7.4% lower - its lowest level since November 2016. Travel companies saw huge losses with Webjet (ASX:WEB) and Flight Centre Travel Group (ASX:FLT) shares dropping today. Prime Minister Scott Morrison released a $17.6 billion coronavirus stimulus package. Ramsay Professional Services (ASX:RHC) and Remedy Healthcare Group have entered into a joint venture to deliver hospital-in-the-home services.

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Trump addresses the US on coronavirus and triggers ASX sell-off: ASX tracking 2.5% lower at noon

12 Mar 2020 - The ASX dropped at the open and is now tracking 2.5% lower at noon. US President Donald Trump has just addressed the nation, putting restrictions on all travel to the US from Europe except the UK because of the coronavirus. This will go into effect from Friday evening US time. Integrated Research (ASX:IRI) has signed a significant renewal and extension software licence agreement with JP Morgan Chase, for a total contract value of US$10 million.

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