Bumpy ride: Aus shares close 0.22% lower

Finance News
22/03/2018 17:20:00

22 Mar 2018 - Market wrap report: Wild day of trade on Thursday. Miners and energy stocks gain, while other sectors drag ASX lower. Employment rate rises. Sigma Healthcare Limited (ASX:SIG) weighs on the market amid weaker underlying results. LSV Asset Management snapped up a major holding in Sandfire Resources (ASX:SFR), IAG (ASX:IAG) seeking to raise a minimum of $300 million, AWE’s (ASX:AWE) takeover company, Mitsui & Co has increased its stake in the company to 16.16 per cent. Plus more news on Big Un (ASX:BIG) and Australis Oil & Gas (ASX:ATS).

Good news weighs: Aus shares flat at noon

Finance News
22/03/2018 12:00:00

22 Mar 2018 - Market at Midday: Miners and energy stocks are rising today after commodity prices spiked. The employment participation rate increased to 65.7 per cent, its highest since December 2010. The female labour force participation also increased, to a new historical high. Big Un (ASX:BIG) appointed a new chairman, Nicholas Jordon with immediate effect. He previously worked at co-CEO of Goldman Sachs, Russia and Confederation of Independent States (CIS). IAG (ASX:IAG) is seeking to raise a minimum of $300 million of subordinated notes, for Tier 2 Capital, under the Australian Prudential Regulation Authority’s (APRA) capital adequacy framework. Click for more news.

Major US stocks fell: Aus shares to open lower

Finance News
22/03/2018 09:35:00

22 Mar 2018 - After a jittery afternoon of trading, major U.S. stock indices fell Wednesday leaving the Australian share market looking set to open lower. Fintech company Peppermint (ASX:PIL) signs agreement with a mobile financial services app. Oil and gold are up.

Mid-week gains: Aus shares close 0.2% higher

Finance News
21/03/2018 17:00:00

21 Mar 2018 - Market Wrap Report: The ASX ended in positive territory today for the second day this week. About half of our sectors closed in the black, with energy stocks making the most gains after the crude oil price spiked, with Whitehaven Coal (ASX:WHC) gaining 8.8 per cent. News on Adelaide Brighton (ASX:ABC), Commonwealth Bank of Australia (ASX:CBA) selling down intellectual property firm IPH (ASX:IPH). Plus news on Rio Tinto (ASX:RIO), Crown Resorts (ASX:CWN), Santos (ASX:STO), Myer (ASX:MYR) and Contango Asset Management (ASX:CGA) taking over Switzer Asset Management (ASX:SWT). Click for full report.

Bumpy Wednesday: Aus shares flat at noon

Finance News
21/03/2018 12:56:00

21 Mar 2018 - Market at Midday report. Rio Tinto (ASX:RIO) has launched a new debt reduction program, a bond purchase and redemption plan for up to US$2.5 billion. It comes as two of Rio’s coal assets have been snapped up only one week after binding bids were submitted. Santos (ASX:STO) looks to be leading the race as the lead candidate, in supplying back fill gas to Darwin LNG. The Central Bank of Norway (Norges Bank) has increased its stake oil and gas company, AWE (ASX:AWE) from 5.47 per cent to 7.39 per cent. James Packer resigns as a director of Crown Resorts (ASX:CWN), Myer (ASX:MYR) lifted 2.3 per cent after announcing its results. Click for more and details.

Wall Street rebounds: Aus shares to open higher

Finance News
21/03/2018 09:23:00

21 Mar 2018 - Following positive leads from US markets, the Australian share market looks set to open slightly higher. Wall Street had a better session yesterday, following a sharp sell-off led by tech shares on Monday. The energy sector was the standout performer on the back of rising oil prices. Dairy co-operative Fonterra (ASX:FSF) has announced a drop in net profits from NZ$418 to NZ$348 million for the six months to January. Sales revenue was up 6 per cent to $9.8 billion

Erasing yesterday’s gains on iron price falls: Aus shares close 0.4% lower

Finance News
20/03/2018 17:00:00

20 Mar 2018 - Market Wrap: Australian share market finished lower, wiping out yesterday’s gains. Property prices cool in December quarter with Sydney slowing the most. Downer EDI (ASX:DOW) lost a legal claim against engineering contracting company, John Holland. Kathmandu (ASX:KMD) saw its net profit after tax, earnings and sales lift in the first half of 2018 year ending 31 January 2018 and it snaps up Oboz Footwear for $60 million. Plus news on Freedom Foods (ASX:FNP), Helloworld Travel (ASX:HLO), QBE Insurance (ASX:QBE), New Energy Solar (ASX:NEW), WorleyParsons (ASX:WOR). Click video for report.

Facebook and iron ore drop take effect: Aus shares 0.6% lower at noon

Finance News
20/03/2018 12:45:00

20 Mar 2018 - Market at Midday: From the outset we had negative leads to follow as Wall Street closed lower when Facebook lost 6.8 per cent. Iron ore price drops and BHP and Rio Tinto lose 2 per cent. QBE Insurance (ASX:QBE) is offering note holders the opportunity to buy their notes for cash. New Energy Solar (ASX:NEW) has completed the purchase and financing of a 200 megawatt solar project in Southern California. WorleyParsons (ASX:WOR) has been awarded the project management consultancy contract by the largest oil refinery in the UAE, the Ruwais Refinery, which is owned by ADNOC. Click for full midday report.

Facebook drags down US shares: Aus shares to open lower

Finance News
20/03/2018 09:22:00

20 Mar 2018 - Following negative leads from US markets the Australian share market looks set to open lower. US stocks pulled back on Monday as a decline in Facebook dragged the tech sector down. Retail company Kathmandu (ASX:KMD) has announced the acquisition of Oboz Footwear. The company paid cash consideration of $60 million for the footwear company.

Wild start but in right direction: Aus shares close 0.2% higher

Finance News
19/03/2018 17:00:00

19 Mar 2018 - Market Wrap: Wild ride for ASX200 on Monday, but it closed higher. Energy and property stocks rise the most while financials held us back amid the banking royal commission. News on Challenger, Tassal Group board reshuffle, Newcrest Mining JV to generate $0.9 billion per annum, Spark New Zealand's trials 5G, Kidman Resources upgrades estimates and Global Geoscience enters ASX300. Click for full market wrap report.

Backpedal: shares 0.12% lower at noon

Finance News
19/03/2018 12:45:00

19 Mar 2018 - Market at Midday: ASX started the week higher but backpedalled on staple and health stocks falling. Spark New Zealand (ASX:SPK) announced it became the first telecommunications company in NZ to switch on a 5G mobile test site. Global Geoscience (ASX:GSC) which is progressing its project in Nevada, entered the ASX300 today. Kidman Resources (ASX:KDR) announced a 54 per cent increase in its mineral resource estimates at one of its deposits near Southern Cross in WA, ‘Earl Grey’.

Wall Street ends week on a high: Aus shares to open higher

Finance News
19/03/2018 08:30:00

19 Mar 2018 - Following positive leads from US markets, the Australian share market looks set to open higher. US share markets were stronger on Friday ending the day slightly up. The gains came off the back of positive factory output and consumer sentiment figures. Energy stocks were among the best performers, treasury yields rose and the dollar gained. Precious metal exploration company Heron Resources (ASX:HRR) has announced that it has applied for voluntary delisting from the Toronto Stock exchange (TSX).

Lower for week amid trade fears: Aus shares close 0.5% higher on Friday

Finance News
16/03/2018 17:15:00

16 Mar 2018 - Market wrap: Staples shone today, leading most of the sectors higher. It comes as comes as Wesfarmers (ASX:WES) shares gained over 6 per cent after it announced plans to spin off Coles. Miners also shone with South32 (ASX:S32) rising over 5 per cent. Premier Investments (ASX:PMV) one of today’s biggest risers reported a 9 per cent rise in half year profits and revenues for the period ending 27 January 2018.

Staples charge on Coles potential listing: Aus shares 0.1% higher at noon

Finance News
16/03/2018 12:55:00

16 Mar 2018 - Market at Midday: Rio Tinto (ASX:RIO) shares are at a five day high. Wesfarmers (ASX:WES) announced its intentions to demerge Coles, creating a new top 30 ASX listed company, to be led by Steven Cain. Metcash (ASX:MTS) today announced Steven Cain resigned from his role as Metcash Supermarkets and Convenience CEO. NZME (ASX:NZM) advised its chief financial officer Michael Moran is stepping down from his role for personal reasons. Trimantium GrowthOps (ASX:TGO) listed today. Click for more news.

Dow rallies: Aus market set to open higher

Finance News
16/03/2018 09:30:00

16 Mar 2018 - The Australian share market is set to open higher. Yesterday the Dow rallied, the Australian dollar dropped and in company news, Wesfarmers (ASX:WES) look to spin off Coles into separate ASX company.

Clawing back: Aus shares close 0.2% lower

Finance News
15/03/2018 17:20:00

15 Mar 2018 - Market Wrap: The Australian share market closed lower for the fourth straight day. Miners saw the most gains today after the iron ore price moved back above the US$70 a tonne level with Rio Tinto (ASX:RIO) gaining almost 2 per cent. Financials were the biggest drag today with the NAB (ASX:NAB), ANZ and CBA (ASX:CBA) losing over 1 per cent amid the banking inquiry. Newcrest Mining (ASX:NCM) shares hit a 8 month low, after the gold producer advised its NSW Cadia gold mine is not likely to meet production guidance for this financial year. Commonwealth Bank of Australia (ASX:CBA) launched an offer of a new security, PERLS X. Plus news on Aconex (ASX:ACX), Pilbara Minerals (ASX:PLS) and a new IPO.

Trade war worries, but miners shine: Aus shares 0.4% lower at noon

Finance News
15/03/2018 12:00:00

15 Mar 2018 - Market at Midday: ASX heads for its 4th day of losses with banks weighing, while miners shine. Out of the big four banks, NAB (ASX:NAB) is down the most with Westpac (ASX:WBC) following, Commonwealth Bank (ASX:CBA) has lost the least. The iron ore price has moved back above the $70 a tonne level, hitting $71.64. Pilbara Minerals (ASX:PLS) has drawn down half of its $100 million bond issue, to construct and commission its plant at its flagship Pilgangoora Lithium-Tantalum Project. Argosy Minerals (ASX:AGY) was granted approval for the development of additional lithium brine evaporation ponds at its Rincon Lithium Project.

Falls in Wall Street: Aus shares to open flat

Finance News
15/03/2018 09:42:00

15 Mar 2018 - The Australian share market looks set to open flat today following falls on Wall Street. US President Donald Trump moved to impose tariffs on China, raising fears of a trade war.

2nd day of ASX losses, lithium shines: Aus shares close 0.7% lower

Finance News
14/03/2018 17:15:00

14 Mar 2018 - Market Wrap Report: The ASX200 fell at the open, really following negative leads from Wall Street. Dow futures pointing for a fall of 22 points down, ASX futures down 32 points. All local sectors traded lower today with healthcare falling the most. Miners saw the least losses, Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG) continued to move away from their 50-day moving averages but both closed higher. Lithium companies again took the cake, snapping oversupply fears, Galaxy Resources (ASX:GXY) gained 9 per cent, Orocobre (ASX:ORE) up over 5 per cent. Plus news on National Australia Bank (ASX:NAB) buying Aurizon Holdings (ASX:AZJ), Rio Tinto (ASX:RIO) vote request, Murray Goulburn (ASX:MGC) to vote on sale to Saputo and Tawana Resources (ASX:TAW) kicking off lithium production. Watch for details and more news.

Trump effect: Aus shares 0.8% lower at noon

Finance News
14/03/2018 12:00:00

14 Mar 2018 - Market at Midday: The best performing stock in the S&P/ASX 200 is Blackmores Limited (ASX:BKL), rising 3.4 per cent to $133.88, followed by shares in Orocobre (ASX:ORE) and Galaxy Resources (ASX:GXY). Rio Tinto (ASX:RIO) issued an addendum for its 2018 AGM noting requests from members with the Chairman’s responses, with the board urging shareholders to vote on a resolution that provides additional information with annual reporting on the impact of climate change. Carnegie Clean Energy (ASX:CCE) has secured $6 million in financing. $2.1 million will be for the Garden Island Microgrid project which aims to be the world's first wave energy integrated microgrid. $4 million will support R&D.

Wall Street slides: Aus shares to open lower

Finance News
14/03/2018 09:00:00

14 Mar 2018 - Following mixed leads from US markets, the Australian share market looks set to open lower. US stocks fell yesterday fueled by falls in tech and financial shares. General Electric saw one of the biggest declines. The three major benchmarks opened higher and were bolstered by the latest round of inflation data. But shares turned broadly by midday with the majority of S&P 500 sectors ending the day in the red. The downturn, possibly linked to the dismissal of Secretary of State Rex Tillerson. Westpac(ASX:WBC) has announced the successful issue of $1.69 billion Westpac Capital notes.

Erasing gains: Aus shares close 0.4 per cent lower

Finance News
13/03/2018 17:20:00

13 Mar 2018 - Market Wrap Report: The ASX200 erased some of yesterday’s gains and finished 0.4 per cent lower. Miners weigh but lithium stocks gain. Banks fall slightly amid royal commission hearing. Home loans fell more than expected for the month of January. Pinnacle Investment Management has snapped up a majority stake in oil and gas company, AWE (ASX:AWE). Plus news on Aurizon (ASX:AZJ), Gentrack Group (ASX:GTK) and Emeco (ASX:EHL). Click for more news.

Big miners weigh, lithium stocks gain: Aus shares 0.6% lower at noon

Finance News
13/03/2018 12:52:00

13 Mar 2018 - Market at Midday Report: The ASX opened lower, falling further in the first two hours of trade, erasing yesterday’s gains and now we are 0.6 per cent down for the day. Miners see biggest loses but lithium players charge. Sky and Space Global (ASX:SAS) raised $10 million in a heavily oversubscribed placement and plans to raise $5 million through a SPP. Redflow (ASX:RFX) made its first batteries stacks from its new Thailand factory and its shares rally. In economic news, home loans fell more than expected, investment property loans rise (recovering from prior fall) and business confidence fell (as expected). Click for more news.

Mixed leads: Aus shares eyeing flat start

Finance News
13/03/2018 09:14:00

13 Mar 2018 - Market Outlook: ASX eyeing flat start after mixed leads from Wall Street. US government posted a $215 billion deficit in February, less than expected. Gentrack Group (ASX:GTK) the software company for airports and utility companies is set to enter New Zealand’s top 50 index, the S&P/NZX50. Meridian Energy (ASX:MEZ) announced its sales fell 13 per cent in February, when compared to the same time last year amid national electricity demand falling. Quite a lot of companies are going ex-dividend today including Apiam Animal Health (ASX:AHX), Cleanaway Waste Management (ASX:CWY), EQT (ASX:EQT) and Sims Metals Management (ASX:SGM). Click for more news.

Solid start: Aus shares close 0.6% higher

Finance News
12/03/2018 17:00:00

12 Mar 2018 - Market wrap report: The ASX had a good start to the trading week, jumping over the 6,000 point hurdle, however we lost some momentum in afternoon trade on the back of scattered selling with the likes of Newcrest Mining (ASX:NCM) shares falling, after a dam wall was breached.