Monthly Archives - March 2021

Aurizon (ASX:AZJ) completes sale of Acacia Ridge Terminal: Aus shares gain 1.7% over week

26 Mar 2021 - A strong end to the week for the Australian share market. The ASX 200 index ended the day 0.5 per cent or 34 points higher to finish at 6,824. Over the week, the market has gained 116 points or 1.7 per cent. All of the sectors rose over the week, except Tech stocks. Healthcare was the star performer, up over 5 per cent. Meanwhile, the Aussie dollar has sunk to a 3-month low. Rail freight...

Read more...

TPG founder and chairman resigns: Aus shares 0.5% higher at noon

26 Mar 2021 - The Australian share market rose at the open following positive leads from Wall Street and is tracking 0.5 per cent higher coming into the middle of the session. Sky New Zealand (ASX:SKT) has commenced a process to sell 2 of the 3 buildings at its Mount Wellington site. Shares in TPG Telecom (ASX:TPG) slid this morning after the surprising announcement that its founder David Teoh has resigned as a director and chairman of the board.

Read more...

Global supply chain fears grow as Suez Canal blocked for third day: Aus shares set to open higher

26 Mar 2021 - Wall Street ended higher overnight after the US Department of Labor reported the lowest weekly level of new jobless claims since the onset of the pandemic a year ago. This optimism is set to flow through to the Australian market, with Australian futures indicating an upbeat start to the day. Meanwhile the 400-metre-long container ship blocking the Suez Canal showed no signs of budging for a third day deepening global supply chain concerns. AMP refutes...

Read more...

Household wealth at 11-year highs: ASX closes 0.2% higher

25 Mar 2021 - The ASX pushed into the green from a flat start, faded in afternoon trade and surprised investors with a late jump to close 0.2% higher. Improvements were seen across all the sectors except Technology, Finance and Consumer Staples, which closed in the red. Energy stocks rose 0.3% following oil prices rebounding 6% from Tuesday's decline, after the grounding of a ship in the Suez Canal. The ship turned sideways in the middle of a sandstorm,...

Read more...

Netwealth (ASX:NWL) in negotiations over facility & deposit agreements: ASX is tracking 0.3% higher

25 Mar 2021 - The ASX is pushing on from a flat start despite a weak lead from the US markets. Most sectors are in the green with technology shares dragging the market. Energy stocks are in the spotlight after a 6% jump after oil prices rebounded from Tuesday's decline after a grounding of a ship in the Suez Canal. The incident caused concerns that it could delay crude shipments. Retail fashion company Premier Investments (ASX:PMV) are lifting after...

Read more...