Monthly Archives - March 2020

90% of Australian businesses set to be impacted by COVID-19: ASX set to open higher

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.

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US Senate passes the $US2 trillion stimulus package: ASX closes 2.3% higher

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.

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Household wealth up 3.3% in the December quarter: ASX tracking 0.6% higher at noon

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.

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