23 Mar 2020 - An aggressive sell-off on the Australian market this morning forced the market to fresh 8-year lows today as investors feared the impact of extensive business shutdowns. The market showed signs of recovery over the afternoon but still closed 5.6% lower. Credit Suisse has more than halved its 2-month price target for Air New Zealand (ASX:AIZ) from NZ$2.00 to NZ$0.95.
23 Mar 2020 - The Australian market has tumbled 8.2 per cent over the morning as investors come to terms with Prime Minister Scott Morrison’s announcement that from midday today, tough new ‘stage one’ restrictions are in place. The sinking oil price is having widespread impacts on the market so much so that Freedom Oil and Gas (ASX:FDM) has entered voluntary administration.
23 Mar 2020 - The ASX recorded one of its worst month’s in history - it’s now set to open lower as the coronavirus continues to strike fear in investors. Last night Prime Minister Scott Morrison announced tough new 'stage one' restrictions, ordering pubs and licensed premises close for six months. AP Eagers (ASX:APE) have decided to reduce the amount of the fully franked final dividend from 22.5 cents per share to 11.25 cents per share.
20 Mar 2020 - The Australian share market was in positive territory for the day closing 0.7 per cent higher. Budget will not be handed down until October 6. Big banks announce major COVID-19 support packages.
20 Mar 2020 - The Australian share market rose at the open and is now tracking 2.9 per cent higher at noon with only a handful of the top 50 in the red. Shares in CIMIC (ASX:CIM) Group soared almost 50 per cent.
20 Mar 2020 - The ASX looks set to open higher this morning as tech stocks rallied. Alphabet, Microsoft, and Facebook all slumped on Wednesday but with many in lockdown across the world due to the coronavirus crisis - remote, internet-based activity caused tech shares to rally yesterday. In the US bargain hunters grabbed Twitter stocks and Netflix - all up at least 5%. Nigel Greenwood is stepping down as Synlait Milk (ASX:SM1) Chief Financial Officer and will be...
19 Mar 2020 - The ASX extended it’s losses today closing 3.4% lower despite the RBA announcing a stimulus package. Super retail Group (ASX:SUL), shares took a real hit today dropping over 35%. The AUD continued to drop this afternoon now standing at below 56 cents against the USD. FINEOS Corporation (ASX:FCL) has signed a new software license agreement with the Executive Office of Labor and Workforce Development of the Commonwealth of Massachusetts.
19 Mar 2020 - The ASX rose at the open and is now tracking 0.5% lower at noon. Travel companies are being hit hard with Flight Centre Travel Group (ASX:FLT) and Corporate Travel Management (ASX:CTD) seeing their shares fall. Credit Corp (ASX:CCP) shares saw a huge drop of almost 35 per cent. Gains were seen this morning in Rio Tinto (ASX:RIO) despite an earthquake near its Kennecott mine near Salt Lake City, in Utah in the US. Harvey Norman...
19 Mar 2020 - Following negative leads from US markets, the ASX looks set to open lower this morning. Panic selling continues in overseas markets. Stocks tumbled on Wall St on Wednesday, as the coronavirus crisis continues. The AUD continues to extend its losses against the USD falling as low as US57 cents overnight. As the COVID-19 outbreak continues, First Graphene (ASX:FGR) report that their Henderson facility continues to operate with recommended precautions.
18 Mar 2020 - The Australian share market has fallen below the 5000-point barrier this afternoon, closing 6.4 per cent lower. Afterpay (ASX:APT) fell 34 per cent.
