Third day of gains: Aus shares close 0.1% higher

Finance News
18/10/2018 17:00:00

18 Oct 2018 - Market Wrap. ASX inks 3rd day of gains, recouping earlier losses as Energy claws back & Telcos increase gains. Afterpay musters up 14%. Unemployment beat expectations. Macquarie Bank sells a2 Milk major holding. Debt buyer, Credit Corp Group up 6% on corporate regulator pressure for buy-now-pay-later companies.

Insurance & credit move Thursday: Aus shares 0.3% lower at noon

Finance News
18/10/2018 12:45:00

18 Oct 2018 - Market at Midday. Energy sector down 1% on oil down 3%, Materials follow despite iron ore rally & AUD/USD steady at US 71cents. The Reject Shop (ASX:TRS) downgraded by Goldman Sachs. Steadfast Group (ASX:SDF) up 6% on earnings & profit upgrade. Credit Corp Group (ASX:CCP) up 4% on regulator intervention into buy-now pay later companies. Unemployment rate falls.

Wall Street ends in the red: Aus shares to open lower

Finance News
18/10/2018 08:00:00

18 Oct 2018 - Wall St ends in the red. Aus shares to open lower. ABS September jobs report due today. Oil & gold both lower. Yancoal (ASX:YAL) has paid down another $100 million in loans to further reduce its existing debt liabilities.

Cannabis high: Aus shares close 1.2% higher

Finance News
17/10/2018 17:00:00

17 Oct 2018 - Market Wrap. Recreational cannabis legalised Healthcare up 2.5%, Property and Tech sectors up 2%. CSL (ASX:CSL) says no to share split to create affordability. Estia Health (ASX:EHE) injects more experience into board ahead of AGM. BHP (ASX:BHP) iron ore and copper qtr' production lift.

Banks on the rise: The ASX is 1.1% higher at noon

Finance News
17/10/2018 12:48:00

17 Oct 2018 - The ASX is still trading higher this morning, as major banks saw rises - Commonwealth Bank (ASX:CBA) was leading the way. Australian pot stocks are soaring as Canada is legalising recreational cannabis today. Bellamy's Australia (ASX:BAL) is up as is Blackmores (ASX:BKL). The a2 Milk Company (ASX:A2M) noted its a2Milk brand now has over 10% market share.

US stocks rally: ASX set to open higher

Finance News
17/10/2018 08:30:00

17 Oct 2018 - The climb continues as Australian shares are set to see a rise this morning after a rally in Europe and Wall Street overnight. Technology stocks extended. Stocks in Hong Kong rose after a few days of losses. 1300SMILES (ASX:ONT) has partnered with YWAM to provide Dental Training.

Clawing back ground: Aus shares close 0.6% higher

Finance News
16/10/2018 17:00:00

16 Oct 2018 - Market wrap. ASX200 rises 0.6% Aristocrat Leisure (ASX:ALL) up 4%, Saracen Minerals (ASX:SAR) 5%. National Australia Bank (ASX:NAB) $314m dent in its profit but Citi marks stock as a buy with price target of $32.25. Propertylink Group's (ASX:PLG) sweetened $723 million takeover from ESR. EHL (ASX:EHL) rallies 4.6%.

Clawing back: Aus shares 0.5% higher at noon

Finance News
16/10/2018 12:00:00

16 Oct 2018 - Market at Midday. Clawing back from yesterday's 1% slide with miners leading rally after lead & gold muster up. cannabis stocks rally, AusCann (ASX:AC8) 3% higher ahead of Canada's legalisation decision. Propertylink Group (ASX:PLG) received beefed up $723m takeover offer. Emeco Holdings (ASX:EHL) upgraded by GS and rallies 4.6%

Trump threatens more China tariffs: The ASX set to open flat

Finance News
16/10/2018 08:25:00

16 Oct 2018 - The ASX looks set to open flat this morning after a disappointing performance yesterday. In the US tech stocks dropped with the NASDAQ seeing heavy losses. Netflix, Amazon, Microsoft and Alphabet all traded lower. Small caps gained in the US as President Donald Trump threatened more tariffs on China. The Independence Group (ASX:IGO) reported that their net cash flow from operating activities increased by 256%.

Asia follows with declines: ASX closes 0.99% lower

Finance News
15/10/2018 17:00:00

15 Oct 2018 - Today we saw the ASX end the session almost 1% lower due to a dip before the close. A weaker housing market sees real estate advertising companies down. Asia saw declines of around 1% also. Meantime, Cimic Group’s (ASX:CIM) Thiess, has secured a $1.2 b contract from BHP (ASX:BHP).

Sell-off continues: Aus shares 1.6% lower at noon

Finance News
15/10/2018 12:00:00

15 Oct 2018 - Market at Midday. ASX slides 1.6% hitting new 6-month low with all sectors in red. Alumima (ASX:AWC) down 2.5% despite aluminum price bounce. Centuria Industrial REIT (ASX:CIP) inks deal to buy $42m property, taking its portfolio to $1.1b. APN Outdoor (ASX:APO) green lights $1.1b French takeover. IPO Security Matters (SMX) lists at 5% premium.

Wall Street ends week on high: Aus shares to defy leads and open lower

Finance News
15/10/2018 08:20:00

15 Oct 2018 - Despite positive leads from US markets, the Australian share market looks set to open lower. Michael Hill (ASX:MHJ) has provided a trading update for the quarter to September 30 2018.

Week ends on a mildly positive note: ASX closes 0.2% higher

Finance News
12/10/2018 17:30:00

12 Oct 2018 - The ASX ended the week slightly higher after heavy losses yesterday. Resolute mining (ASX:RSG) and Afterpay Touch (ASX:APT) are on the up. Media companies struggled though. Sandfire Resources NL (ASX:SFR) completes 30% interest in the Springfield Exploration and Mining JV held by Talisman Mining (ASX:TLM)

Bouncing back from 6-month low: Aus shares 0.2% lower at noon

Finance News
12/10/2018 12:50:00

12 Oct 2018 - Market at Midday. ASX clawing back from new 6-month low. Fortescue (ASX:FMG) upgraded & rallies 4.7% 'what's not to like about $500m buy-back & best YTD iron ore prices'. Citi issues BHP (ASX:BHP) alert 'softer 2H after solid June'. Centuria (ASX:CNI) flexes property muscle with new raising & increasing stake in Propertylink. IPO Tribeca Global Natural (ASX:TGF) trades flat.

Turbulent trading in the US: ASX poised to open lower

Finance News
12/10/2018 08:28:00

12 Oct 2018 - The ASX is poised to open lower this morning after a volatile day on Wall Street. The S&P 500 is at a three-month low after a six-day slide. Earlier, Asian and European equities plunged. Travel company Helloworld (ASX:HLO) sees EBITDA rise 18.2%.

Global sell-off sees shares slump: ASX to close 2.7% lower

Finance News
11/10/2018 17:00:00

11 Oct 2018 - Aussie stocks were sold off following Wall Street seeing its worst drop in eight months and the Nasdaq losing 4 per cent. All three majors in the US fell more than 3 per cent. All sectors closed in the red with tech stocks losing the most. And Hometown is a step closer to taking over the over Gateway Lifestyle Group (ASX:GTY).

Down on Chinese selling US stocks to 8-mth low: Aus shares 1.9% down at noon

Finance News
11/10/2018 12:50:00

11 Oct 2018 - ASX down 1.9% mid-session on US equity market sell-off. Gold stocks rally, St Barbara up 4%. Harvey Norman Holdings goes ex-div. Netwealth funds hit $19.3b. MMJ's partly owned company to create cannabis oil. Watch for more and click to see stock upgrades.

US stocks take a tumble: ASX set to drop at the open

Finance News
11/10/2018 08:27:00

11 Oct 2018 - Australian shares are set to drop at the open – we are seeing renewed concerns about the US and China trade war. On Wall Street all three major benchmarks plunged. Rising global yields continue to cause concern. The price of oil fell as a major hurricane heads for the Florida Panhandle. Capio acquisition for Ramsay Health Care (ASX:RHC).

Back in the black: Aus shares close 0.14% higher

Finance News
10/10/2018 17:00:00

10 Oct 2018 - Market Wrap. Centuria Capital (ASX:CNI) upgrades distribution and earnings guidance on back of four property acquisitions. CBA (ASX:CBA) served class action for CFS Investment.

M&A takeover talk boost sentiment: Aus shares flat at noon

Finance News
10/10/2018 12:00:00

10 Oct 2018 - Market at Midday. ASX tries to hang on. Navitas up 22% on $2b takeover offer. Flight Centre upgraded. Kirkland Lake Gold shares rise on record gold production. Greencross up 16% on confirming takeover talks. The AUD and iron ore price rally. Watch for more.

IMF downgrade global forecast: ASX poised to open lower

Finance News
10/10/2018 08:30:00

10 Oct 2018 - The ASX is set open lower. Shares on Wall St failed to hold early gains despite tech stocks rebounding. The IMF downgraded its forecast for global growth for this year to 3.7 per cent from 3.9 per cent. The Star Entertainment Group (ASX:SGR) see EPS performance above target.

Big four banks down: ASX closes 0.97% lower

Finance News
09/10/2018 17:00:00

09 Oct 2018 - The ASX has dropped for the second day with concerns over US interest rate rises. Trading volumes were high today. Biotechnology company CSL (ASX:CSL) dragged on the market, and Wisetech global (ASX:WTC) performed poorly. Hancock's subsidiary Redstone secures 90% of Atlas Iron (ASX:AGO).

Two-day nose dive on US rate concerns: Aus shares 1% lower at noon

Finance News
09/10/2018 12:00:00

09 Oct 2018 - Market at Midday. US interest rate concerns flow through global market. MYOB continues rally, hitting $3.60. NEXTDC rallies again after making Asia Pacific Data Centre takeover offer. Oil Search says Alaskan assets are increasingly positive.

Wall Street mixed: Aus shares to open lower

Finance News
09/10/2018 08:22:00

09 Oct 2018 - Aus shares to open lower following weak leads from Wall St. Gains were capped with investors concerned over rising interest rates. Hometown has decided to extend the offer period under its off-market takeover offer for Gateway Lifestyle Group (ASX:GTY).

Biggest drop since March: Aus shares close 1.4% lower

Finance News
08/10/2018 17:20:00

08 Oct 2018 - Market Wrap. ASX loses 4 months of gains, biggest drop in 6 months. Beach Energy sees selling on reduced guidance. MYOB shares hit yearly high. Wesfarmers' Coles demerger 'negative'. A2 Milk upgraded on positivity about inventory.