Latest Market News

AUD drops as economic fall out from bushfires in considered: ASX poised for a flat start

08 Jan 2020 - Following weak leads from US markets, the ASX looks set to open flat this morning. On the commodities front, oil continues to retreat from an earlier rise mainly due to the uncertainty in the Middle East. The Aussie dollar fell as the economic fall out from the bushfires is considered. Emeco (ASX:EHL) is looking to increase its Revolving Credit Facility (RCF) from $65 million to $100 million.

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Polynovo (ASX:PNV) shares soar after hitting $2m month: ASX closed 0.4% higher

07 Jan 2020 - It has been a positive day of trade for the ASX after a rise in early morning trade, the local bourse managed to close 0.4% higher. Medical device company PolyNovo (ASX:PNV) shares have soared today after they released that they had their first two-million-dollar month. And Champion Iron (ASX:CIA) has entered a scheme implementation deed to redomicile from Australia to Canada.

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Industrials lead the sectors: ASX tracking 1% higher at noon

07 Jan 2020 - The ASX rose at the open and managed to maintain momentum and is now tracking 1% higher at noon. Shares in Orocobre (ASX:ORE) are rising as are Pilbara Minerals (ASX:PLS) and Coca Cola Amatil (ASX:CCL). Meanwhile, Northern Star Resources (ASX:NST), and Elders (ASX:ELD) have seen their shares drop. Medical device company PolyNovo (ASX:PNV) had its first two-million-dollar month.

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Oil price volatility due to Midde East tensions: ASX poised to open higher

07 Jan 2020 - Tensions between the US and the Middle East continue to make investors wary as European and Asian shares ended lower. The ASX is poised to open higher this morning. On the commodities front, oil rose on Monday but pared most of its earlier gains as it came to light that there has not been any supply disruption despite a heightened risk of missile attack. Opthea (ASX:OPT) has completed patient recruitment into the Company’s Phase 2a...

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World markets rocked by Iran-US tensions: ASX poised to open lower

06 Dec 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. Over in the US stocks fell on fears of escalation of military activity in the Middle East after the Commander of Iran's Islamic Revolutionary Guards Corps was killed in Baghdad by rockets from an American strike. Resolute Mining (ASX:RSG) is looking to extend the Company’s US dollar denominated gold hedge position.

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A positive end for the start of the year: ASX closes 0.6% higher

03 Jan 2020 - It has been a positive day of trade for the ASX, the local bourse managed to close 0.6% higher. Shares in Northern Star Resources (ASX:NST) rose today on news they bought all the shares in Kalgoorlie Lake View. Shares in Costa Group Holdings (ASX:CGC) dropped after reports of a tenant suffering fire damage on their berry farm.

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All sectors in the green: ASX tracking 1.3% higher at noon

03 Jan 2020 - The ASX shot up at the open after positivity from global share markets. It is now tracking 1.3% higher at noon. Pro Medicus (ASX:PME) rose as did Netwealth Group (ASX:NWL) and Nearmap (ASX:NEA). Declines were seen in Evolution Mining (ASX:EVN), and Ingenia Communities Group (ASX:INA). Tower (ASX:TWR) today announced that Tower Insurance has settled its purchase of Youi NZ.

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