Latest Market News

Blackmores (ASX:BKL) completes SPP: ASX closes 1.5% lower

08 Jul 2020 - The ASX peaked around lunchtime and managed to close 1.5% lower. Northern Star Resources (ASX:NST) saw a rise in their shares today. Shares in Domain Holdings (ASX:DHG) took a dip. Blackmores (ASX:BKL) has successfully completed its Share Purchase Plan raising approximately $49 million.

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Global rally slows: ASX poised to dip at the open

08 Jul 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The global rally slowed with European shares slipping alongside US futures. The Shanghai Composite climbed for a sixth day. Yesterday our official cash rate was left at 0.25% for another month – most experts predict it will stay at that historic low for some time yet. SkyCity Entertainment Group (ASX:SKC) says its $50 million share purchase plan saw a...

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Official cash rate steady at 0.25%: ASX closed 0.03% lower

07 Jul 2020 - After a massive leap upwards at the open, the ASX took a small dip around lunchtime and the local bourse managed to close 0.03% lower. The materials sector is doing well today with shares in St Barbara (ASX:SBM) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in Ooh!Media (ASX:OML) meanwhile took a dip. Sequoia Financial Group (ASX:SEQ) has entered into a Purchase of Assets Agreement with Total Cover Australia (TCA), via the Company’s...

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FIRB approves Iberdrola’s takeover offer for Infigen: Aus shares 0.1% higher at noon

07 Jul 2020 - The Australian share market shot up at the open and is now tracking 0.1 per cent higher at noon. The materials sector is doing well today with shares in St Barbara (ASX:SBM), Fortescue Metals Group (ASX:FMG) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in New Hope Corporation (ASX:NHC) and Mesoblast (ASX:MSB) meanwhile took a dip. Iberdrola's take-over offer for renewables company Infigen (ASX:IFN) has been given approval from the Foreign Investment Review...

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FIRB approves Iberdrola’s takeover offer for Infigen: Aus shares 0.1% higher at noon

07 Jul 2020 - The Australian share market shot up at the open and is now tracking 0.1 per cent higher at noon. The materials sector is doing well today with shares in St Barbara (ASX:SBM), Fortescue Metals Group (ASX:FMG) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in New Hope Corporation (ASX:NHC) and Mesoblast (ASX:MSB) meanwhile took a dip. Iberdrola's take-over offer for renewables company Infigen (ASX:IFN) has been given approval from the Foreign Investment Review...

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Broad rally on US markets, China up: ASX poised to open higher

07 Jul 2020 - Following a wide-ranged rally from US markets overnight, the ASX looks set to open higher this morning, despite the coronavirus continuing to hit the United States. White House health advisor Dr. Anthony Fauci says that the resurgence of cases in the states are an extension of the outbreak first reported earlier this year, not a second wave. Pinnacle Investment Management Group (ASX:PNI) is pleased to advise that five affiliates have earned performance fees for the...

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Local shares tipped to slip: Virus concerns persist

06 Jul 2020 - The local sharemarket looks set to start the new week lower following weak leads from European markets. Wall Street was closed for the Independence day holiday on Friday but finished a shortened week strongly on Thursday with stocks rising after than a better-than-expected jobs report. Thursday’s gains led to strong weekly performances for the major averages. The Dow rose 3.3 per cent last week and the S&P 500 climbed 4 per cent. Both the Dow...

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