Latest Market News

CIMIC (ASX:CIM) selected for two new contracts worth $164m: ASX closes 1.1% higher

06 Feb 2020 - The ASX shot up at the open and managed to stabilise closing 1.1% higher. Pinnacle Investment Management (ASX:PNI) shares rose after they reported net profit from continuing operations up 37% to $13.8 million. CIMIC Group (ASX:CIM) company CPB Contractors has been selected to deliver upgrades to two major regional highway projects totalling $164 million.

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Retail turnover fell 0.5 per cent in December 2019: ASX tracking 0.6% higher at noon

06 Feb 2020 - The ASX rose at the open and is now tracking 0.6% higher at noon. Service Stream (ASX:SSM) shares saw a decline today. Meanwhile, shares in Elders (ASX:ELD) and Janus Henderson Group (ASX:JHG) are on the rise. And Lynas (ASX:LYC) Malaysia says they are deeply disappointed by the behaviour of anti-Lynas activists who they say continue to make false statements.

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Trump acquitted in impeachment trial: ASX poised to open higher

06 Feb 2020 - The ASX looks set to open higher this morning as US stocks closed at new record highs. Shares also closed higher across Europe. Yesterday the Senate voted to acquit President Donald Trump on both counts in his impeachment trial. Nick Scali (ASX:NCK) has reported a fall in its first half profit, showing net profit after tax of $21.4m, down 15% on the prior corresponding period.

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Philip Lowe says bushfires to take 0.2pp off GDP growth: ASX closed 0.4% higher

05 Feb 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 0.4% higher. Orocobre (ASX:ORE) and Pilbara Minerals (ASX:PLS) saw rises and Resolute Mining (ASX:RSG) and Regis Resources (ASX:RRL) saw declines. CSG (ASX:CSV) report lodgement of court orders with ASIC approving scheme of arrangement with Fuji Xerox Asia Pacific.

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AiG Construction Index improved marginally in January: ASX tracking 0.4% higher at noon

05 Feb 2020 - The ASX rose in mid-morning trade and is now tracking 0.4% higher at noon. Pilbara Minerals (ASX:PLS) shares are up today as are Orocobre (ASX:ORE) meanwhile Silver Lake Resources (ASX:SLR) and Regis Resources (ASX:RRL) shares have fallen. IAG (ASX:IAG) MD and CEO Peter Harmer has appointed Julie Batch as Chief Strategy & Innovation Officer to lead a newly created Strategy & Innovation division.

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Global markets rebound: Aus shares to open flat

04 Feb 2020 - Australian shares look set for a flat start despite global markets rebounding overnight. US Stocks rose solidly on Monday, regaining some ground after the previous session’s steep sell-off, but investors remain cautious as coronavirus fears linger. Oceania Healthcare (ASX:OCA) has announced that Hugh FitzSimons has resigned as a Director of the company.

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Coronavirus boosts Jatenergy (ASX:JAT): Aus shares close 1.34% lower

03 Feb 2020 - The Australian marked tumbled today as the coronavirus continues to unsettle international markets causing investors to divest from oil, gas and travel stocks. The ASX200 shed 1.34 per cent - every sector except for Utilities posting losses. Health product company Jatenergy (ASX:JAT) experienced a sales boost on the back of the coronavirus outbreak.

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