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08Apr

ASX extends winning streak, led by iron ore miners & banks: Aus shares close 1.02% higher

08 Apr 2021 - The ASX continued its winning streak for the fifth day, gaining 1% to close at a 13-month high of 6,999. All sectors closed in the black. Miners performed strongly, with the likes of iron ore heavyweights BHP (ASX:BHP), Rio (ASX:RIO) and Fortescue Metals (ASX:FMG) adding 2.1 – 2.6%. The big four banks rallied. EML payments (ASX:EML) is best-performing stock, rising 5.7%, while the worst-performing stock is Resolute Mining (ASX:RSG), shedding 3.13%.

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08Apr

Wall Street struggles to keep momentum: ASX poised to open higher

08 Apr 2021 - The ASX is poised to open higher following weak leads from Wall St. The major indices responded to US Federal Reserve minutes showing their commitment to support the economy with low-interest rates and their bond-buying program for now. Investors also responded to consumer credit data which rose by US$27.58 billion in February beating market expectations. This is the biggest monthly gain in consumer credit since November 2017. Yesterday, the local market extended gains for the...

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07Apr

CBA served with $7m penalty: Aus shares close 0.6% higher

07 Apr 2021 - CBA served with $7m penalty: Aus shares close 0.6% higher. The Australian sharemarket’s rally decelerated just before midday, but picked up pace again to finish the trading session at a 13-month high. Gains in Afterpay and EML payments shares have cemented the tech sector’s footing in positive territory for a 4th consecutive day.

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07Apr

Dow snaps 4-day winning streak: Aus shares to open flat

07 Apr 2021 - Australians stocks are poised for a steady start, following falls from record highs in the US. The Caixin/Markit services survey revealed China's growth in service business activity in March. Air New Zealand (ASX:AIZ)’s fleet for services between Australia and New Zealand will be back in the air in full force once more from April 19th.

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06Apr

Trans-Tasman travel bubble announcement due: ASX poised to open higher

06 Apr 2021 - The ASX looks set to open higher this morning after the four day long Easter weekend. Tesla shares jump as much as 7% after first-quarter sales surge. NZ Prime Minister Jacinda Ardern is expected to announce the start date for a trans-Tasman bubble with Australia. Sky (ASX:SKT) New Zealand and global entertainment conglomerate NBCUniversal have signed an expanded multiyear deal.

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03Apr

Half-price flights take off today: ASX closed 0.1% higher over the week

01 Apr 2021 - The local share market finished the first day of the month in positive territory building on yesterday's gains. The S&P/ASX 200 index closed 38 points or 0.6% higher to finish at 6,829. Over the week we closed 0.1% or 5 points higher. Gains in technology, materials and utilities offset losses in health care, industrials and consumer staples. Boral (ASX:BLD) rose 6.7% after announcing a buy back offer following the $1.33 billion sale in their USG...

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01Apr

Half-price flights take off today: ASX closed 0.1% higher over the week

01 Apr 2021 - The local share market finished the first day of the month in positive territory building on yesterday's gains. The S&P/ASX 200 index closed 38 points or 0.6% higher to finish at 6,829. Over the week we closed 0.1% or 5 points higher. Gains in technology, materials and utilities offset losses in health care, industrials and consumer staples. Boral (ASX:BLD) rose 6.7% after announcing a buy back offer following the $1.33 billion sale in their USG...

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01Apr

Boral (ASX:BLD) announces buy-back offer after $1.33b US sale: ASX 0.4% higher at noon

01 Apri 2021 - The ASX opened higher and lifted by 0.5% in early trade, then faded towards noon. Technology and mining shares are leading the gains while Industrials, Energy, Consumer staples weighed on the market. Boral (ASX:BLD) completes the sale of its 50% stake in the USG Boral joint venture to Gebr Knauf KG for $1.33 billion dollars. Greater Brisbane lockdown is set to lift at midday with travel stocks in the red despite its improved performance yesterday.

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