Latest Market News

Dow plunges: ASX poised to open lower

28 Feb 2020 - The ASX looks set to plunge this morning after volatile trading in the US as reports the coronavirus may be spreading to America. Both the Dow and the S&P 500 had their worst day since February 2018 while the Nasdaq posted its biggest one-day loss since August 2011. Employee experience software company Limeade (ASX:LME) reports NPAT up 26 per cent.

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Link Administration (ASX:LNK) help push tech sector lower: ASX closed 0.8% lower

27 Feb 2020 - The ASX closed 0.8% lower - another day ending in the red. Adelaide Brighton (ASX:ABC) shares did well today as a number of analysts upgraded them. Link Administration (ASX:LNK) shares fell after their company released their half-year results. Digital medication management company MedAdvisor (ASX:MDR) reported record operating revenue of $4.4 million, up 14.4% on the pcp.

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Capital expenditure falls 2.8% in the December quarter: ASX tracking 0.8% lower at noon

27 Feb 2020 - The ASX failed to maintain momentum this morning where it rose slightly in early trade, dipping to now track 0.8% lower at noon. Shares in the a2 Milk Company (ASX:A2M) rose after they released their pleasing half year figures. Link Administration (ASX:LNK) shares fell. The best-performing sector is Healthcare, while the worst performing sector is Energy. AP Eagers (ASX:APE) is to sell the AHG Refrigerated Logistics division to Anchorage Capital Partners for $100 million.

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AUD continues to struggle against the USD amid virus fears: ASX poised to open lower

27 Feb 2020 - The ASX looks set to open lower as US stocks fell for the fifth day. Treasury ten year note yields dropped. The NASDAQ did manage rise as the US markets swung into afternoon trade. On the commodities front, crude oil dropped below $50 a barrel. Lynas Corporation (ASX:LYC) is pleased to confirm that Lynas Malaysia has received a new three year operating licence.

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All sectors close in the red: ASX closes 2.3% lower

26 Feb 2020 - The ASX dropped at the open and continued to fall throughout the day closing 2.3% lower. Healius (ASX:HLS) shares are on the rise after the news of the Partners Group proposal. As for the sectors, they are all in the red. Ferry operator SeaLink (ASX:SLK) report its half year net profit after tax is at $13.6 million, that’s up 3.8 per cent on the same.

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Bubs (ASX:BUB) posts record half year profit: ASX tracking 2.3% lower at noon

26 Feb 2020 - The ASX dropped at the open and continued to fall through mid morning trade and is now tracking 2.3% lower at noon. Polynovo (ASX:PNV) shares dropped after reporting a net loss for the half year of $2.42 million, that’s 26% increase from last year. Bubs Australia (ASX:BUB) saw gross revenue of $28.75 million, up 37 per cent on the same period last year.

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New coronavirus cases emerge as global stocks hit again: ASX set to open lower

26 Feb 2020 - The ASX looks set to open lower this morning as US stocks plunge. The global impact of the coronavirus outbreak continues to cause concern with South Korea now reporting near 1000 confirmed cases. European shares ended at their lowest in nearly two months. Healius (ASX:HLS) has received an unsolicited, non-binding indicative offer from a wholly-owned subsidiary of Partners Group.

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Dow plunges as coronavirus fears grow: ASX poised to open lower

25 Feb 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. The Dow plunged as coronavirus fears grow. More cases emerged outside of China sending global stocks down. European stocks dropped and in Hong Kong the Hang Seng index fell almost 2%. Jumbo Interactive (ASX:JIN) has entered into a new SaaS 5 year licence agreement with MS Queensland.

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