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13Mar

Dow suffers worst drop since Black Monday: ASX poised to plunge at the open

13 Mar 2020 - The ASX looks set to drop at the open. The Dow Jones Industrial Average plunged yesterday suffering its worst drop since the 1987 “Black Monday” market crash, when it collapsed by more than 22%. Trading was stopped for 15 minutes shortly after the open in New York. But the pause failed to keep the index from closing in a bear market. The Decmil Group (ASX:DCG) believes it is entitled to all amounts claimed for its...

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12Mar

Coronavirus stimulus package includes $750 cash payments: ASX closed 7.4% lower

12 Mar 2020 - The ASX closed 7.4% lower - its lowest level since November 2016. Travel companies saw huge losses with Webjet (ASX:WEB) and Flight Centre Travel Group (ASX:FLT) shares dropping today. Prime Minister Scott Morrison released a $17.6 billion coronavirus stimulus package. Ramsay Professional Services (ASX:RHC) and Remedy Healthcare Group have entered into a joint venture to deliver hospital-in-the-home services.

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12Mar

Trump addresses the US on coronavirus and triggers ASX sell-off: ASX tracking 2.5% lower at noon

12 Mar 2020 - The ASX dropped at the open and is now tracking 2.5% lower at noon. US President Donald Trump has just addressed the nation, putting restrictions on all travel to the US from Europe except the UK because of the coronavirus. This will go into effect from Friday evening US time. Integrated Research (ASX:IRI) has signed a significant renewal and extension software licence agreement with JP Morgan Chase, for a total contract value of US$10 million.

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12Mar

Multi-billion dollar coronavirus stimulus package expected: ASX set to open lower

12 Mar 2020 - Following a steep decline from US markets, the ASX looks set to open lower. The WHO has declared the coronovirus a pandemic. The Federal Government are expected to announce a stimulus package today including one off payments for pensioners and new start recipients and financial boosts for small businesses. The a2 Milk Company (ASX:A2M) expands into Canada.

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11Mar

All the sectors in the red: ASX closes 3.6% lower

11 Mar 2020 - The ASX fell after early morning trade and continued a downward spiral to close 3.6% lower. Shipping company Austal (ASX:ASB) did well today as did the Steadfast Group (ASX:SDF). As for the sectors today, they all ended up in the red with real estate investment trusts the least worst off and Financials dragging the market. CIMIC Group (ASX:CIM) company UGL has been awarded two rail sector contracts, generating total revenue of more than $180 million.

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11Mar

Midday: ASX tracking 1.3% lower at noon

11 Mar 2020 - The ASX shot up at the open and then fell in mid morning trade and failed to gain momentum and is now tracking 1.3% lower at noon. Shares in ship building company Austal (ASX:ASB) are on the rise as are shares in Fortescue Metals Group (ASX:FMG). Shares are down in Pilbara Minerals (ASX:PLS) and Newcrest Mining (ASX:NCM). Panoramic Resources (ASX:PAN) responds to media article.

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11Mar

US markets swing wildly, Dow soars: ASX poised to open higher

11 Mar 2020 - Following positive leads from US markets, the ASX looks set to open higher this morning. The Dow halved the losses it suffered on Monday. A fiscal stimulus boosted the markets. Galaxy Resources (ASX:GXY) reports their Mineral Resource and Ore Reserve estimates at the Sal de Vida Project in Argentina and the James Bay Project in Canada have not changed during 2019.

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10Mar

ASX rallies: Aus shares close 3.1 per cent higher

10 Mar 2020 - The Australian share market closed 3.1 per cent higher at the end of today’s session. Investors were buying up Energy stocks today with Viva Energy Group (ASX:VEA) leading the top 200 gains and Ooh! Media (ASX:OML) coming in last.

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10Mar

Global market sell-off deepens: ASX set to plummet

10 Mar 2020 - It looks like the ASX will extend losses this morning as the global economy remains uncertain about the spread of the coronavirus. The market is set to open lower. The Dow sank more than 2,000 points yesterday – that was its worst day since 2008. Oil has plunged adding to the double whammy hitting the markets. Ramelius Resources (ASX:RMS) started ore haulage from its 100% owned Marda Gold Mine to its Edna May Processing Facility.

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