Yearly Archives - 2020

US Senate passes the $US2 trillion stimulus package: ASX closes 2.3% higher

26 Mar 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 2.3% higher. Shares in Northern Star Resources are down over 15% today after they estimated disruptions will result in March quarter production being 10-15% lower than expected. oOh! Media (ASX:OML) are set to raise $167 million via a fully-underwritten equity raising.

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Household wealth up 3.3% in the December quarter: ASX tracking 0.6% higher at noon

26 Mar 2020 - The ASX shot up at the open and is now tracking 0.6% higher at noon. Shares in The Star Entertainment Group (ASX:SGR) are on the rise after reporting yesterday that they will temporarily stand down over 90% of their approximately 9,000 employees. MedAdvisor (ASX:MDR) is fast-tracking the rollout of Phase 1 of its delivery service to help deliver much-needed medications to patients during the COVID-19 pandemic.

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US stimulus package cause markets to rise for a second day: ASX set to open high

26 Mar 2020 - As the US markets pared their gains, the ASX looks set to open higher this morning. The Dow has jumped in the last two days as the White House and congressional leaders said they had agreed to a $2 trillion stimulus bill to combat the economic slowdown from the coronavirus pandemic. Equities advanced in Europe and on the commodities front, oil has up slightly and gold has dropped over $25. New Zealand electricity company Mercury’s...

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Market lifts on US stimulus agreed of $US2 trillion: ASX closed 5.5% higher

25 Mar 2020 - It has been a positive day of trade for the ASX after rising at the open it managed to stay in positive territory closing 5.5% higher. Qantas (ASX:QAN) shares rose after securing $1.5 billion in debt funding. New Zealand sanitiser manufacturer Zoono Group (ASX:ZNO) has entered into an Exclusive Distribution Agreement with Al Rabban Capital for the distribution in the Middle East and North Africa.

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Qantas secures $1.5b in debt funding: ASX tracking 3.5% higher at noon

25 Mar 2020 - The ASX shot up at the open and is now tracking 3.5% higher at noon. Prime Minister Scott Morrison announced that a COVID-19 coordination commission has been established, which will be headed up by former Fortescue Metals Group chief executive Neville Power. The Qantas Group (ASX:QAN) has completed a new round of debt funding, securing $1.05 billion in additional liquidity.

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