Monthly Archives - May 2020
21May

Global coronavirus cases hit a daily record this week: ASX poised to open higher

21 May 2020 - After a tech rally on US markets overnight, the ASX looks set to open higher this morning. Facebook shares surged up 6%, Amazon rose as did Apple and Google. Meanwhile, the number of newly reported coronavirus cases worldwide hit a daily record this week. Fonterra Co-operative's (ASX:FSF) profit has soared but the forecast for the farmgate milk price range has narrowed showing uncertainty about global markets.

Read more...
20May

ASX claws back from a drop at the open: ASX closed 0.2% higher

20 May 2020 - The ASX dropped at the open then managed to claw back up to close 0.2% higher. Shares in EML payments (ASX:EML) rose today, as shares in Ausnet Services (ASX:AST) dropped. As for the sectors today Infotech led the day and Utilities fell lower. Aspen Group (ASX:APZ) has entered into a contract to acquire a partially refurbished co-living community at in Newcastle, NSW.

Read more...
20May

Retail turnover dropped 18% in April: ASX tracking 0.2% lower at noon

20 May 2020 - The ASX is now tracking almost 0.2% lower at noon. EML payments (ASX:EML) rose today after reporting that they remain on course to deliver a solid full year result despite the pandemic. Revenue for the nine months ending March 31 was up 20%. Credit Suisse rates Abacus Property Group (ASX:ABP) as an Upgrade to an Outperform from a Neutral.

Read more...
20May

Markets fall on doubts over Covid-19 vaccine: ASX poised to open lower

20 May 2020 - After Covid-19 vaccine hopes were questioned yesterday, US markets fell overnight. The Australian share market npw looks set to open lower this morning. Experts now say there is no real way to know how successful the vaccine could be. New Zealand’s Fletcher Building (ASX:FBU) is looking at reducing the number of people employed by 1,500.

Read more...
19May

News of COVID-19 vaccine candidates lifted the market: ASX closed 1.8% higher

19 May 2020 - It has been a positive day of trade for the ASX it managed to maintain momentum with the local bourse closing 1.8% higher. Shares in Unibal-Rodamco-Westfield (ASX:URW) rose today after France and Germany proposed a 500 billion euro recovery fund for the pandemic. The company has shopping centres in Europe. Cloud call recording service Dubber Corporation (ASX:DUB) has entered into a binding agreement to acquire CallN.

Read more...
19May

James Hardie (ASX:JHX) shares are up after reporting better-than-expected profit: ASX tracking 2.03% higher at noon

19 May 2020 - The ASX shot up at the open after a boost from promising news regarding a vaccine for Covid-19. It is now tracking almost 2.03% higher at noon. Building products manufacturer James Hardie (ASX:JHX) shares have seen a leap today after reporting a 6% increase in full-year profit today. Shares in Oil Search (ASX:OSH) are also up. Byron Energy (ASX:BYE) has completed a $16 million capital raising.

Read more...