Monthly Archives - March 2020

All sectors close in the black: ASX closes 1.1% higher

05 Mar 2020 - It has been a welcome positive day of trade for the ASX which opened higher, and closed 1.1% higher. Jumbo Interactive (ASX:JIN) saw their shares fall as did Corporate Travel Management (ASX:CTD). As for the sectors today Healthcare led the day and Industrials fell lower. Alkane Resources (ASX:ALK) has announced that Export Finance Australia will support development of the Dubbo Project.

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TPG (ASX:TPM) shares soar on ACCC merger decision: ASX tracking 1.8% higher at noon

05 Mar 2020 - The ASX shot up at the open and is now tracking 1.8% higher at noon. Shares in TPG Telecom (ASX:TPM) rose after the ACCC said they would not appeal the merger with Vodafone. Azerbaijan International Operating Co. has awarded Worley (ASX:WOR) a contract for engineering, procurement and construction services as part of a gas lift project.

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IMF launch $50b aid program for coronavirus: ASX set to open higher

05 Mar 2020 - Following a strong rally over night on the US markets, he ASX looks set to open higher this morning. Following rate cuts from the RBA and the Federal Reserve, the Bank of Canada also cut rates overnight. It’s expected the Bank of England may also follow this week and the European Central Bank. Fonterra Co-operative Group (ASX:FSF) Chairman John Monaghan has confirmed that he will retire as a Director.

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