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25Jun

Investor fears over spike in coronavirus cases in the US: ASX to open lower

25 Jun 2020 - The ASX looks set to open lower this morning following a slump on Wall Street as a new surge of coronavirus cases develop in the US. California, Florida report record cases as NY orders quarantine for some travellers. Asia stocks have also dropped as virus worries grow. The Australian dollar was down 0.8%. Infigen (ASX:IFN) yesterday received a copy of a bidder’s statement from Iberdrola Renewables Australia Pty in relation to its off-market takeover bid.

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24Jun

Fourth straight session closing up: ASX closed 0.2% higher

24 Jun 2020 - It has been a rollercoaster of a day for the ASX, the local bourse managed to close 0.2% higher. Shares in Perseus Mining (ASX:PRU) did well today after they released their sustainability report from 2019. The best performing sector was Utilities while the worst performing sector was Industrials. Cromwell Property Group (ASX:CMW) has told shareholders take no action in relation to a proportional takeover offer from ARA Asset Management.

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24Jun

The information technology sector sees a boost: ASX tracking 0.1% lower

24 Jun 2020 - The ASX shot up at the open but failed to gain momentum and is now tracking 0.1% lower at noon. Following on from the US, tech stocks did well this morning with the Energy sector coming in lower. Shares in Perseus Mining (ASX:PRU) did well today after they released their sustainability report from 2019. Dexus (ASX:DXS) has conditionally exchanged contracts to sell 45 Clarence Street, Sydney.

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24Jun

Many employees content to stay working from home: ASX set to rise at the open

24 Jun 2020 - Following a rise from US markets for a second day, the ASX looks set to open higher this morning. The US business reopening plans are in disarray as Covid-19 is detected in hotspots such as Texas, Florida, Arizona and California. Back home, a new survey has shown how coronavirus has changed our attitudes to work. Up to 60% of respondents want to split their working time between home and office. The AUD rose again against...

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23Jun

Western Areas (ASX:WSA) shares rise after exploration: ASX closes 0.2% higher

23 Jun 2020 - After some movement before mid-morning trade, the ASX spent the afternoon quite flat, managing to close 0.2% higher. Shares in Western Areas (ASX:WSA) continue to rise today after reports of significant widths of nickel and copper in South Australia. Shares in Challenger (ASX:CGF) dropped today - they announced they had successfully completed the $270 million fully underwritten institutional placement. SCA Property Group (ASX:SCP) reports the total value of their Investment Properties has decreased by $94.6...

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23Jun

Large decline in the imports of cars and petroleum: ASX tracking 0.1% lower at noon

23 Jun 2020 - The ASX rose at the open, took a dip in midmorning trade, and is now tracking almost 0.1% lower at noon. Shares in Western Areas (ASX:WSA) shot up today after reports of significant widths of nickel and copper in South Australia. Shares in investment management company Challenger (ASX:CGF) dropped today after they successfully completed the $270 million fully underwritten institutional placement. Cromwell Property Group (ASX:CMW) advises that ARA Asset Management has announced its intention to...

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23Jun

Tech stocks give Wall Street a huge boost: ASX set to open higher

23 Jun 2020 - The ASX looks set to open higher this morning after tech stocks gave the US market a boost. Apple shares helped the market with a jump of more than 2%. Microsoft and Neflix both gained over 2%. And Zoom is no longer the best performing work-from-home stock. Fastly has taken over – their shares climbed 15% yesterday to $73.27, following 36 per cent surge last week. AMP (ASX:AMP) announced this morning that the sale of...

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