Monthly Archives - March 2020

Multi-billion dollar coronavirus stimulus package expected: ASX set to open lower

12 Mar 2020 - Following a steep decline from US markets, the ASX looks set to open lower. The WHO has declared the coronovirus a pandemic. The Federal Government are expected to announce a stimulus package today including one off payments for pensioners and new start recipients and financial boosts for small businesses. The a2 Milk Company (ASX:A2M) expands into Canada.

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All the sectors in the red: ASX closes 3.6% lower

11 Mar 2020 - The ASX fell after early morning trade and continued a downward spiral to close 3.6% lower. Shipping company Austal (ASX:ASB) did well today as did the Steadfast Group (ASX:SDF). As for the sectors today, they all ended up in the red with real estate investment trusts the least worst off and Financials dragging the market. CIMIC Group (ASX:CIM) company UGL has been awarded two rail sector contracts, generating total revenue of more than $180 million.

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Immutep (ASX:IMM) 1H20 results & outlook

11 Mar 2020 - Immutep Limited (ASX:IMM) CEO, Marc Voigt provides an update on the company's 1H20 results, including data from its clinical trials, collaborations with major pharma and outlook for the second half.

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Midday: ASX tracking 1.3% lower at noon

11 Mar 2020 - The ASX shot up at the open and then fell in mid morning trade and failed to gain momentum and is now tracking 1.3% lower at noon. Shares in ship building company Austal (ASX:ASB) are on the rise as are shares in Fortescue Metals Group (ASX:FMG). Shares are down in Pilbara Minerals (ASX:PLS) and Newcrest Mining (ASX:NCM). Panoramic Resources (ASX:PAN) responds to media article.

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US markets swing wildly, Dow soars: ASX poised to open higher

11 Mar 2020 - Following positive leads from US markets, the ASX looks set to open higher this morning. The Dow halved the losses it suffered on Monday. A fiscal stimulus boosted the markets. Galaxy Resources (ASX:GXY) reports their Mineral Resource and Ore Reserve estimates at the Sal de Vida Project in Argentina and the James Bay Project in Canada have not changed during 2019.

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