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Market Reports

Record-breaking run ends as Infotech drags on the market: ASX closed 0.2% lower

21 Jan 2020 - The local bourse failed to move into positive territory closing 0.2% lower. Tech losses are led by Wisetech Global (ASX:WTC) and Technology One (ASX:TNE). HUB24 (ASX:…

Orocobre (ASX:ORE) shares on the decline despite new deals: ASX tracking 0.4% lower at noon

21 Jan 2020 - The ASX fell at the open and has failed to gather momentum throughout the morning so far is now tracking 0.4% lower at noon. Orocobre (ASX:ORE) shares are on the decl…

Martin Luther King Day leaves markets muted: ASX poised to open flat

21 Jan 2020 - A US holiday yesterday, Martin Luther King day, saw muted markets leaving the ASX poised to open flat. BHP (ASX:BHP) will release its half year operational review lat…

New Hope (ASX:NHC) served with HCA special leave application: Aus shares close 0.2% higher

20 Jan 2020 - It’s been an upbeat day of trade, with the ASX200 finishing 0.2 per cent higher despite a mid-session dip. This marks the 5th consecutive session of gains for the loc…

New Energy Solar (ASX:NEW) considers expansion of asset sale: Aus shares 0.3% higher at noon

20 Jan 2020 - The Australian share market opened slightly lower this morning. It jumped in the first twenty minutes of trade, has been tracking sideways into the mid-session and is…

Lynas (ASX:LYC) defends High Court proceedings: Aus shares to open higher

20 Jan 2020 - The ASX is set to open higher following strong leads from Europe and US markets. US major indices inked fresh record highs on Friday fuelled by tech stocks, robust re…

Ord Minnett downgrades Megaport: Aus shares close 1.9% higher over week

17 Jan 2020 - It has been a positive week of trade for the Australian share market. Today, the market opened in the black following strong leads from the US overnight, as Wall Stre…

Macquarie downgrades Magellan (ASX:MFG): Aus shares 0.5% higher at noon

17 Jan 2020 - The Australian share market is tracking 0.5% higher at noon. Macquarie has downgraded Magellan Financial Group (ASX:MFG) from a neutral to an underperform, with a 12-…

US-China phase one trade deal signed: Aus shares to open higher

17 Jan 2020 - The Australian share market is poised to open higher. After a week of flirting with the 7000-point barrier, the ASX200 managed to push above the 7000 mark yesterday f…

Record day on ASX - passing 7000 point barrier: Aus shares close 0.7% higher

16 Jan 2020 - The Australian share market closed 0.7% higher on the back of the US and China trade deal passing 7000 point barrier.

ASX soars past 7000 point barrier: Aus shares 0.5% higher at noon

16 Jan 2020 - The Australian share market soared past the 7000 point barrier with the US and China signing the phase one trade agreement and the Dow closing above 29k. CSL (ASX:CSL…

Dow closes above 29k for first time: Aus shares to open higher

16 Jan 2020 - The Australian share market is set to open higher this morning after the US and China sign trade deal. Turners Automotive Group (ASX:TRA) to launch Carly vehicle subs…

Aussie shares set fresh highs and come within reach of 7000 level: ASX closes 0.5% higher

15 Jan 2020 - It's been a positive day of trade for the local sharemarket hitting a new record high and closing within 13 points of a key 7000 level.

Resolute Mining (ASX:RSG) to sell Ravenswood Mine, gold miners leading the ASX charge toward 7000: Aus shares 0.4 % higher at noon

15 Jan 2020 - Australian shares have pushed higher to a new record in early trade despite a mixed lead from the US overnight. Shares in gold and base metals explorer Kalamazoo (KZR…

Wall Street mixed, JP Morgan posts positive results but tariffs targeting China far from over: Aus shares to open higher

20 Jan 2020 - The Australian share market is set to edge higher despite a volatile session on Wall Street with shares ending mostly lower on Tuesday. Medical technology company Vol…

Lithium shares continue to rally: Aus shares close 0.9% higher

14 Jan 2020 - It’s been a positive day of trade for the Australian share market closing 0.9 per cent higher. Kangaroo Island Plantation Timbers (ASX:KPT) report further damage.

Wisr (ASX:WZR) responds to ASX: Aus shares 0.7% higher at noon

14 Jan 2020 - Neo-lender Wisr (ASX:WZR) has responded to the ASX saying it was not in breach of continuous disclosure rules. Electro Optic Systems (ASX:EOS) appoints John Berry, th…

Wall Street rallies on news US will remove currency manipulator tag from China: Aus shares to open higher

14 Jan 2020 - The Australian share market is set to edge higher following a rally on Wall Street on the back of reports the US will remove China from a list of currency manipulatin…

Tech stocks lead gains: Aus shares close 0.4% lower

13 Jan 2020 - The Australian share market closed 0.4 per cent lower at the end of Monday’s trade. Tech stocks led the way with Afterpay (ASX: APT) coming up on top. Shares in Zip C…

Monadelphous Group's (ASX:MND) Mondium secures $400 million Rio Tinto (ASX:RIO) contract: Aus shares 0.5% lower at noon

13 Jan 2020 - The Australian share plunged at the open and is now tracking 0.5 per cent lower at noon. Monadelphous Group (ASX:MND) joint venture Mondium has secured a $400 millio…

Wall Street eagerly awaits impending US/China trade deal: Aus shares poised to open lower

13 Jan 2020 - The Australian share market is poised to open the week lower following a retreat on Wall Street in late trade on Friday. Investors remain wary about the tensions betw…

Miners took a hit today with BHP (ASX:BHP) weighing on the market: ASX closed 0.8% higher

10 Jan 2020 - It has been a positive day of trade for the ASX for the end of the week with the local bourse managing to close 0.8% higher. Evolution Mining (ASX:EVN) saw their shar…

Black Friday sales lift retail turnover 0.9%: ASX tracking 0.6% higher at noon

10 Jan 2020 - The ASX rose at the open and managed to maintain momentum and is now tracking 0.6% higher at noon. Vocus Group (ASX:VOC) shares saw a rise today as did Domain Holding…

Oil stabilises on de-escalating Middle East tensions: Aus shares to open higher

10 Jan 2020 - Australian futures are indicating a positive start to the session following strong performances from US markets overnight as tensions in the Middle East ease. Retirem…

Suncorp (ASX:SUN) surpasses natural hazard allowance: Aus shares close 0.8% higher

09 Jan 2020 - The Australian share market rallied at the open and closed 0.8 per cent higher. Pilbara Minerals (ASX:PLS) led the way in the gains today. Suncorp (ASX:SUN) bushfire …