Yearly Archives - 2020

Tech sector boosts the market: ASX closed 1.9% higher

14 Apr 2020 - It has been a mostly positive day of trade for the ASX after a small dip in early morning trade the local bourse managed to close 1.9% higher. As for the sectors today Infotech led the day and REITs the only sector to end the day lower. Centuria Industrial REIT (ASX:CIP) has completed a $130 million institutional placement.

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Business confidence and conditions see huge monthly falls: ASX tracking 0.5% higher at noon

14 Apr 2020 - The ASX had a little dip in early morning trade but then rose within the first hour of trading now tracking almost 0.5% higher at noon. Energy companies have opened mixed following the deal among Opec and other oil producing nations to cut crude production. Gold producers are all up. Bega Cheese (ASX:BGA) wins Kraft Heinz legal proceedings.

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AUD jumps to 63.8 cents against the USD: ASX poised to open higher

14 Apr 2020 - Following mixed leads from US markets, the ASX looks set to open higher this morning. The WHO says there are 70 COVID-19 vaccines in the works, with three leading candidates already being tested on humans. Oil prices fell yesterday due to oversupply concerns despite OPEC and its allies agreeing to cut production. The AUD jumped to 63.8 US cents. Evolve Education Group (ASX:EVO) has been unable to complete the proposed acquisition of five childcare centres...

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Market closes on a 4-week high: ASX closed 3.5% higher

09 Apr 2020 - The ASX saw a rally in late afternoon trade closing on a 4 week high at 3.5% higher. Perenti Global (ASX:PRN) shares advanced over 27% and shares in Commonwealth Bank (ASX:CBA) rose. Real Estate Investment Trust closed the week leading the sectors and consumer staples came in the lowest. Orocobre (ASX:ORE) says the Argentine Ministry of Production has declared lithium mines Olaroz and Borax ‘essential activities’ and has restarted production.

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All the sectors in the green: ASX tracking almost 2% higher at noon

09 Apr 2020 - The ASX shot up at the open and is now tracking almost 2% higher at noon. Shares in oOh!media (ASX:OML) are on the up after HT&E has acquired at least 11 million shares in the company representing at least 1.8% of the Company’s issued capital. Viva Energy (ASX:VEA) says their Retail segment has continued to perform well with the Alliance network achieving average sales volumes of 62.4 million litres per week in 1Q2020.

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