Yearly Archives - 2021

Wall St trips as tech dips: ASX to open higher

18 May 2021 - The ASX is to open higher despite Wall St’s pullback led by technology shares. All three indexes closed in the red as inflation fears continued to linger. Morgan Stanley upgrades Treasury Wine Estate (ASX:TWE) and Ord Minnett upgrades TPG Telecom (ASX:TPM).

Read more...

Melbana Energy (ASX:MAY) – key milestones achieved at its Cuban, Block 9 – World Class Exploration Acreage

17 May 2021 - Melbana Energy Limited (ASX:MAY) Executive Chairman Andrew Purcell provides an update on the company's key Cuban onshore oil project, including preparation for its two exploration well program scheduled for Q3 2021 and its sale of WA-488-P permit (containing the Beehive Prospect) to a wholly owned Australian subsidiary of the US company EOG Resources, Inc (NYSE:EOG).

Read more...

Wall St rebounds as tech stocks jumped: ASX to open higher

17 May 2021 - The ASX is set to rise following Wall St closing its second straight session in the black. The week ended with a broad-based rally which followed a heavy sell-off led by technology shares as inflation fears outweighed the signs of a recovering economy. Beacon lighting (ASX:BLX) is set to acquire its fourth property in Sydney for $11.2 million as part of establishing a new subfund.

Read more...