Author - Craig Foley

A rollercoaster day ends flat: ASX closes 0.01% lower

10 Oct 2019 - It was a volatile day on the ASX - and this could be set to continue as the China-US trade talks pull into focus again. After a rollercoaster day the market closed 0.01% lower. A handful of companies hit a year low today. And major board movements for Seven West Media (ASX:SWM).

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Orora shares soar on the back of sale: ASX tracking at 0.2% lower at noon

10 Oct 2019 - The ASX dropped at the open only to rise in the first hour of trade and is now tracking 0.2% lower at noon. Shares in Orora (ASX:ORA) shot up today after it released the news that it is selling its Australasian Fibre Business to Nippon Paper Industries Co. for an enterprise value of $1.7b. SeaLink Travel Group (ASX:SLK) reports that Transit Systems Group has been successfully awarded new contracts for some WA bus services.

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A US-China partial trade deal could be in sight: ASX set to open higher

10 Oct 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. In the US the Federal Reserve released the minutes from its September meeting. In other news, Turkey has begun a military offensive into Syria just days after President Donald Trump said the US wouldn’t stand in the way. The Afterpay Touch Group (ASX:APT) reported yesterday that former US treasury secretary Lawrence Summers will join its advisory board.

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Clinuvel shares sky rocket after FDA approval: ASX closes 0.7% lower

09 Oct 2019 - It has been a disappointing day of trade for the ASX, closing 0.7% lower. Shares in biopharmaceutical company Clinuvel (ASX:CUV) did well today – they are at an all time high. Flight Centre (ASX:FLT) shares declined though as did News Corp (ASX:NWS). As for the sectors, the best performing sector was Communication Services while the worst performing sector was Consumer Discretionary.

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