Monthly Archives - November 2020

Five-day winning streak broken: ASX closes 0.5% lower

12 Nov 2020 - It was a positive start to the week for the ASX, but the winning streak came to an end today with the market closing 0.5% lower. Shares in Telstra (ASX:TLS) are up after they reported a restructure for the company. Banks and miners weighed on the market. As for the sectors today Telcos led the day and Utilities fell lower. Charter Hall Group (ASX:CHC) has upgraded its full year earnings guidance as funds under management...

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Vaccine news keeps markets positive: ASX poised to open higher

12 Nov 2020 - The ASX looks set to open higher this morning for the sixth day in a row as tech shares jumped up in the US. Global markets are still excited about the Covid-19 vaccines expected. Russia reports that early results from trials of their Covid vaccine suggest it could be 92% effective. Telstra (ASX:TLS) is set to restructure into three separate entities, InfraCo Fixed, InfraCo Towers and ServeCo.

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Woolworths (ASX:WOW) promises 100% renewable electricity by 2025: ASX closed 1.7% higher

11 Nov 2020 - It has been a positive day of trade for the ASX closing 1.7% higher – it’s fifth consecutive gain. Energy companies did well today with Whitehaven Coal (ASX:WHC) and Oil Search (ASX:OHS) both seeing gains. Shares in Ramelius Resources (ASX:RMS) didn’t fare so well. Woolworths (ASX:WOW) has committed to use 100% renewable electricity by 2025.

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Rally continues with all sectors in the black: ASX tracking 1.3% higher at noon

11 Nov 2020 - The ASX has continued its rally throughout the morning and is now tracking 1.3% higher at noon. Shares in Virgin Money UK (ASX:VUK) and accounting software company Xero (ASX:XRO) did well today. Shares in JB Hi-Fi (ASX:JBH) fell lower. All sectors are in the black. Synlait Milk (ASX:SM1) has successfully completed the bookbuild for its approximately NZ$180 million underwritten placement.

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