Monthly Archives - November 2020

Moody’s slashes Crown’s credit rating: Aus shares gain 2.1% over week

20 Nov 2020 - The ASX200 ended the day 0.1 per cent lower due to a late session slump. The Healthcare sector led the day driven by a strong performance from Mesoblast (ASX:MSB). At the closing bell the S&P/ASX 200 index closed 8 points lower to finish at 6,539. Moody’s has slashed Crown Resorts (ASX:CWN) credit rating from Baa2 to Baa3, and warns that it will continue to review the rating and may issue a further downgrade.

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Over 1M new Covid cases in US over week: Aus shares to open higher

20 Nov 2020 - The Australian futures market is pointing to a rise at the open of trade, following a late session rally on Wall Street. US markets managed to edge higher despite an unexpected rise in weekly jobless claims and a surge in Coronavirus cases. New Zealand telecom company, Chorus (ASX:CNU) is offering up to NZ$200 million worth of bonds.

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Market claws back on bank rally: ASX closes 0.3% higher

19 Nov 2020 - After a shaky start the ASX closed 0.3% higher today. Shares in ALS (ASX:ALQ) did well after reporting strong second quarter performance. Shares in Elders (ASX:ELD) dropped over 11%. 5G Networks (ASX:5GN) has acquired the Brisbane Data Centre in Fortitude Valley.

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