Monthly Archives - November 2020

Unemployment rate increased to 7% in October: ASX now tracking 0.3% lower at noon

19Nov 2020 - The ASX now tracking 0.3% lower at noon. Shares in Bluescope Steel (ASX:BSL) and Virgin Money (ASX:VUK) both did well today. United Malt Group (ASX:UMG) shares are down after reporting yesterday that their revenue was down 2% on volume decline in the 2H. And Starpharma (ASX:SPL) has completed additional testing on its nasal spray for use against a common and contagious virus,

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Extreme lockdown begins for South Australia: ASX poised to open lower

19 Nov 2020 - The ASX looks set to fall at the open this morning. The Dow saw a second day of losses. South Australia’s six-day restrictions have now come into force after a new and highly-infectious strain of coronavirus was brought in from the UK. All schools and construction sites have been closed and people must wear masks outside. Oil Search (ASX:OSH) has increased resources within their Alaskan portfolio.

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Financial sector boosts market: ASX closes 0.5% higher

18 Nov 2020 - It has been a positive day of trade for the Australian share market. The local bourse managed to close 0.5% higher. Financials was the sector that performed the best today with Commbank (ASX:CBA) leading the gains. Dexus (ASX:DXS) has conditionally exchanged contracts to sell a 50% interest in Grosvenor Place, Sydney.

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Wage growth slips to record lows: ASX tracking 0.4% higher at noon

18 Nov 2020 - The ASX rose at the open and is now tracking 0.4% higher at noon. Shares in Unibail-Rodamco-Westfield (ASX:URW) are continuing to do well but shares in the A2 Milk Company (ASX:A2M) slip after they maintained its lowered September guidance. Decmil Group Limited (ASX:DCG) been awarded approximately $51 million in works as part of the balance of plant contract at the Ryan Corner Windfarm in Victoria.

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