Monthly Archives - June 2020

Record jump in US retail sales: ASX poised to open higher

17 Jun 2020 - The ASX looks set to open higher this morning. Stocks in the US rose yesterday as they saw a record jump in retail sales. Also, there were positive trial results from a potential coronavirus treatment and hopes of more stimulus. Meanwhile, the International Monetary Fund forecast back in April a contraction of 3 per cent for the global economy in 2020. They report that the current crisis is “unlike anything the world has seen before”....

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Best day for the market in two months: ASX closes 3.9% higher

16 Jun 2020 - It has been a positive day of trade for the ASX. The local bourse managed to close 3.9% higher. All the sectors ended the day in the green. Energy closed the day the highest with Viva Energy pushing up the sector, rising over 15% after a profit upgrade. Cedar Woods (ASX:CWP) is pleased to advise that it has extended the tenure of its $30m finance facility for the Williams Landing Shopping Centre in Melbourne.

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Almost all 200 stocks made gains this morning: ASX tracking 3.2% higher at noon

16 Jun 2020 - The ASX shot up at the open and is now tracking almost 3.2% higher at noon. Almost all the top 200 stocks have made gains today. Viva Energy saw their shares rise today after releasing their underlying net profit for the six months to June to be between $20 million and $50 million compared with $50.9 million a year ago. Village Roadshow (ASX:VRL) has extended by two weeks the exclusivity period for its discussions with...

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