28 Aug 2020 - The ASX retreated during the first half of the session. It recovered some ground over the afternoon but left the run a little late finishing 0.9 per cent lower for the day. Credit Suisse has upgraded IGO (ASX:IGO) to an Outperform, with a 12-month price target of $4.35.
28 Aug 2020 - After a marginal rise at the open, the ASX200 sunk throughout the morning and is trading 0.9 per cent lower at noon. Surprisingly, the Information Technology sector is leading the losses. Village Roadshow (ASX:VRL) has reported a net loss after tax of $122.6 million, after revenue dropped on Covid woes.
28 Aug 2020 - The SPI futures are pointing to a 0.2% fall at the open following mixed results on Wall Street overnight. US Federal Reserve chairman Jerome Powell announced that the US Fed would adopt a flexible inflation target after years of aiming for less than 2%. Oil fell as Hurricane Laura disrupted production and refining in the US Gulf.
27 Aug 2020 - The Australian share market rose at the open closing 0.2 per cent up at the end of trade. ANZ (ASX:ANZ) announced Paul O’Sullivan will succeed David Gonski as the Group’s Chairman. Starpharma (ASX:SPL) has reported their revenue is up 142 per cent to $6.56 million.
27 Aug 2020 - The Australian share market opened higher this morning and is now trading 0.7 per cent higher at noon. Centuria Industrial REIT (ASX:CIP) has expanded it’s portfolio, acquiring two industrial properties for a total of $32.5 million. Ardent Leisure Group (ASX:ALG) reports 17.6% revenue drop.
27 Aug 2020 - The ASX looks set to open higher this morning with technology stocks leading Wall Street and global markets seeing a rise overnight. Facebook, Amazon and Microsoft made gains and Netflix shares rose after a pleasing analyst report. Afterpay’s (ASX:APT) shares price continues to soar as it releases it fourth quarter performance results today reporting a 73% lift in EBITDA.
26 Aug 2020 - It has been a negative day of trade for the ASX after a drop at the open the local bourse failed to gain momentum and closed 0.7% lower. Shares in Cleanaway waste management (ASX:CWY) closed higher today. Bravura Solutions (ASX:BVS) dropped as did shares in Whitehaven Coal (ASX:WHC). Cleanaway Waste Management (ASX:CWY) today reported their NPAT is up 8.7% to $152.9 million.
26 Aug 2020 - The ASX dropped at the open and is now tracking 1.3% lower at noon. The big four banks weighed on the markets this morning, all down. Shares in Worley (ASX:WOR) and Cleanaway waste management (ASX:CWY) are currently doing well. Regis Resources (ASX:RRL) record net profit after tax of $200 million.
26 Aug 2020 - The ASX looks set to open lower this morning despite the S&P 500 and the Nasdaq reaching record closing highs. There was a mixed economic data out of the US and Apple saw a rare decline. Facebook rose over 3% to push both benchmarks higher. Pushpay Holdings (ASX:PPH) CEO to sell shares.
25 Aug 2020 - The Australian share market rose at the open, closing 0.5 per cent up at the end of trade. Qantas (ASX:QAN) will axe another 2,500 jobs from 10 Australian airports and retailer Mosaic Brands (ASX:MOZ) could close up to 500 stores.
