Monthly Archives - April 2021

Tech & Healthcare weighs on market: Aus shares tracking 0.4% lower

20 Apr 2021 - The ASX’s record-breaking form suffered a setback this morning, dipping in the opening hours of today’s trading session. The Australian tech sector mimicked its Wall Street equivalent and copped big losses. Stocks in healthcare have also contributed to the downward pressure on the broader market. Telcos and Real Estate Investment Trusts are fighting the tide and appear to be the only sectors in the black.

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Woolworths (ASX:WOW) upgrades stake in Quantium

20 Apr 2021 - Supermarket operator Woolworths (ASX:WOW) has upgraded its stake from 50 per cent to 75 per cent in data analytics specialist Quantium.The company has splashed $223 million to become Quantium’s majority stakeholder, according to Woolworth’s announcement today.

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Rio Tinto (ASX:RIO) on target to supply iron ore

20 Apr 2021 - Rio Tinto (ASX:RIO) is projected to deliver on its iron ore commitments, despite the environmental challenges of Tropical Cyclone Seroja stagnating export activity from Western Australia. Rio reported a total exported iron ore volume of 77.8 million tones in the March quarter of FY21, marking the best quarterly performance by its iron ore section in 3 years.

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Wall St takes a breather from record levels: ASX to open lower

20 Apr 2021 - The ASX is set to open lower following Wall St closing in the red. The Dow Jones dipped by 0.4% while the tech heavy Nasdaq underperformed its peers dropping by 1%. Property investor and asset manager, Irongate (ASX:IAP) has entered into agreements to acquire two Brisbane industrial properties for a total of $20.2 million. Latitude Financial (ASX:LFS) is set to ring the bell in Melbourne today.

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