Author - Craig Foley

Dow plunges: ASX poised to open lower

28 Feb 2020 - The ASX looks set to plunge this morning after volatile trading in the US as reports the coronavirus may be spreading to America. Both the Dow and the S&P 500 had their worst day since February 2018 while the Nasdaq posted its biggest one-day loss since August 2011. Employee experience software company Limeade (ASX:LME) reports NPAT up 26 per cent.

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Reece (ASX:REH) see sales revenue rise up 9%

28 Feb 2020 - Plumbing and bathroom supplies company Reece (ASX:REH) reported its financial results for the half-year ended 31 December 2019 showing record sales revenue of $2.962 billion for the half year, this represents 9 per cent growth on HY19.

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Link Administration (ASX:LNK) help push tech sector lower: ASX closed 0.8% lower

27 Feb 2020 - The ASX closed 0.8% lower - another day ending in the red. Adelaide Brighton (ASX:ABC) shares did well today as a number of analysts upgraded them. Link Administration (ASX:LNK) shares fell after their company released their half-year results. Digital medication management company MedAdvisor (ASX:MDR) reported record operating revenue of $4.4 million, up 14.4% on the pcp.

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Capital expenditure falls 2.8% in the December quarter: ASX tracking 0.8% lower at noon

27 Feb 2020 - The ASX failed to maintain momentum this morning where it rose slightly in early trade, dipping to now track 0.8% lower at noon. Shares in the a2 Milk Company (ASX:A2M) rose after they released their pleasing half year figures. Link Administration (ASX:LNK) shares fell. The best-performing sector is Healthcare, while the worst performing sector is Energy. AP Eagers (ASX:APE) is to sell the AHG Refrigerated Logistics division to Anchorage Capital Partners for $100 million.

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