Yearly Archives - 2020

Tech shares rise boosted by remote workers: ASX poised to open higher

20 Mar 2020 - The ASX looks set to open higher this morning as tech stocks rallied. Alphabet, Microsoft, and Facebook all slumped on Wednesday but with many in lockdown across the world due to the coronavirus crisis - remote, internet-based activity caused tech shares to rally yesterday. In the US bargain hunters grabbed Twitter stocks and Netflix - all up at least 5%. Nigel Greenwood is stepping down as Synlait Milk (ASX:SM1) Chief Financial Officer and will be...

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RBA cuts cash rate to 0.25%: ASX closed 3.4% lower

19 Mar 2020 - The ASX extended it’s losses today closing 3.4% lower despite the RBA announcing a stimulus package. Super retail Group (ASX:SUL), shares took a real hit today dropping over 35%. The AUD continued to drop this afternoon now standing at below 56 cents against the USD. FINEOS Corporation (ASX:FCL) has signed a new software license agreement with the Executive Office of Labor and Workforce Development of the Commonwealth of Massachusetts.

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Australia’s population grows by 1.5%: ASX 0.5% higher at noon

19 Mar 2020 - The ASX rose at the open and is now tracking 0.5% lower at noon. Travel companies are being hit hard with Flight Centre Travel Group (ASX:FLT) and Corporate Travel Management (ASX:CTD) seeing their shares fall. Credit Corp (ASX:CCP) shares saw a huge drop of almost 35 per cent. Gains were seen this morning in Rio Tinto (ASX:RIO) despite an earthquake near its Kennecott mine near Salt Lake City, in Utah in the US. Harvey Norman...

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Boral (ASX:BLD) withdraws guidance for FY2020

19 Mar 2020 - Boral (ASX:BLD) advised today that given the high level of uncertainty surrounding the spread, duration and impact of COVID-19 on the markets in which it operates, the Company is withdrawing its earnings guidance for FY2020.

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