Monthly Archives - July 2020

Inghams (ASX:ING) plant closed after Covid outbreak: ASX closes 1.3% lower

22 Jul 2020 - It has been a negative day of trade for the ASX with the local bourse failing to gain momentum and closing 1.3% lower. Shares in Inghams dropped after reports their Victoria processing plant is in the middle of a Covid outbreak. Shares in Resolute Mining (ASX:RSG) did well today after reporting a 64 per cent increase in Syama Underground gold.

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Retail turnover rose 2.4% in June thanks to cafes and restaurants: ASX is tracking 1.3% lower at noon

22 Jul 2020 - The ASX dropped at the open and is now tracking 1.3% lower at noon. Shares in Resolute Mining (ASX:RSG) are doing well today after reporting a 64% increase in Syama Underground gold. Meanwhile shares in Mesoblast (ASX:MSB) have dropped. As for the sectors today, leading the pack is Energy, the only sector in the green. Healthcare is falling behind. Health club Viva Leisure (ASX:VVA) are set to acquire Australian Fitness Management.

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AUD hits 12-month high against the USD: ASX poised to open lower

22 Jul 2020 - Following a mixed response from US markets overnight, the ASX looks set to open lower this morning. The Australian dollar has pulled back from daily lows to rise over 71 cents to the US dollar. US President Donald Trump has warned the US that the coronavirus pandemic will probably 'get worse before it gets better'. Meridian Energy (ASX:MEZ) report that for the month national hydro storage decreased from 103 per cent to 75% of historical...

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JobKeeper and JobSeeker extended at lower rates: Aus shares close 2.6% higher

21 Jul 2020 - The Australian share market rose at the open and continued to rally throughout the day closing 2.6 per cent up at the end of trade. JobKeeper payments have been extended until March 2021 although both JobKeeper and JobSeeker wages will be reduced after September. Dreamworld's parent company Ardent Leisure (ASX:ALG) has been charged over the 2016 Thunder River Rapids Ride tragedy that killed four people.

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The Morrison government to keep JobKeeper til March: ASX tracking 1.2% higher at noon

21 Jul 2020 - The ASX rallied on the news the government will extend its Jobkeeper allowance until at the end of September to $1200 a fortnight for full-time workers and to $750 for part-time workers, down from the current single rate of $1500. The scheme is being extended until March 28 next year. The local bourse is tracking 1.2 per cent higher at noon.

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