Author - Craig Foley

IT sector adds the most this week, 6%: Aus shares rise for 2nd week, this time adding 1.2%

30 Aug 2019 - Four days of straight gains and benchmark ASX200 now about 4% away from the all-time high hit late July. Australian dwellings approvals fall 9.7%, vs flat result expected. Austal Ltd (ASX:ASB) shares jump on record revenue and profit. Resolute Mining (ASX:RSG) attributable profit lifts 9%. ACCC takes action against BlueScope Steel (ASX:BSL).

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Information Technology sector bolsters market: ASX tracking 1.2% higher at noon

30 Aug 2019 - The ASX opened higher and continued to rise throughout the morning now tracking at 1.2% higher at noon. The market has been bolstered by the Information Technology sector. Lithium miner Galaxy Resources (ASX:GXY) shares have slipped after reporting a huge half-year loss. Recce Pharmaceuticals (ASX:RCE) receive a successful grant application for a Research Hub in Sydney.

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