ASX closes close 0.4% up on the day, slightly higher for the week

Finance News
20/07/2018 17:00:00

dd Mmm 2018 - 20 Jul 2018 - Market Wrap. The local share market has extended its gains, rising for the fourth straight day, closing 0.4 higher despite a negative lead from the US. Across the market all sectors were up with the exception of materials.

Health and Afterpay booster shot: Aus shares 0.3% higher at noon

Finance News
20/07/2018 12:50:00

20 Jul 2018 - Market at Midday. Afterpay Touch soars and health leads rally. Westpac Bank got some extra buy-in today (is up 0.5%) but down 8.9% YOY. NAB up 0.5%, but down 8.4% YOY. Sequoia raises $5m. IPO Calix up 19%.

Trump ‘not happy’ with US rates: Aus shares to see soft start

Finance News
20/07/2018 08:17:00

20 Jul 2018 - Market Outlook. Wall St retreats on Trump not being happy about US Fed rate rise. Tabcorp (ASX:TAH) exiting Sun Bets, to pay $71m and see $91m write-down. Charter Hall Long WALE Reit (ASX:CLW) has acquired a Brisbane CBD office building, let by QLD Police.

Afterpay collects gains, ASX back at highs: Aus shares close 0.3% higher

Finance News
19/07/2018 17:00:00

19 Jul 2018 - Market Wrap. ASX re-enters 10-year highs with fintech Afterpay rising 24% on sales surge, CIMIC jumping 17% on profit lift while Evolution Mining falls below 150-day average price despite achieving gold production.

Afterpay cashes in, ASX at records: Aus shares 0.4% higher at noon

Finance News
19/07/2018 12:45:00

19 Jul 2018 - Market at Midday. ASX back at 10-year highs with Industrials leading. CIMIC up 13% on NPAT jump, Afterpay up 15% on smashing records, while Zip sees record revenue.

Wall Street mixed: Aus shares set for modest gains

Finance News
19/07/2018 08:24:00

19 Jul 2018 - Australian shares to open modestly higher following a mixed session on Wall Street overnight. CIMIC Group (ASX:CIM) said first half year profit rose by 12%.

Health & Miners shine, IPO KTD up 80%: Aus shares close 0.7% higher

Finance News
18/07/2018 17:00:00

18 Jul 2018 - Market Wrap. Back closer to new 10-yr high. Technology One best performer 2nd day. Fairfax up 3.3% on saving $15m, Saracen up 3.9% on record production, Bega up 4% on $250m purchase. IPO Keytone up 80%.

Miners lead, ASX snaps slide, IPO shines: Aus shares 0.8% higher at noon

Finance News
18/07/2018 12:00:00

18 Jul 2018 - Market at Midday: ASX snaps 2-day fall. Miners lead. IPO, Keytone Dairy trades 55% higher. Saracen up 7.3% after record FY production. ClearVue up 3.8% on green-light for Aussie sales. Navitas down on $130m cost.

Nasdaq hits record high: Aus shares set to rise

Finance News
18/07/2018 08:25:00

18 Jul 2018 - Australian shares are set to lift at the open, bolstered by gains on Wall Street overnight. Mesoblast (ASX:MSB) has inked a deal with Tasly Pharmaceutical Group.

Oil slides, Technology One jumps: Aus shares close 0.6% lower

Finance News
17/07/2018 17:00:00

17 Jul 2018 - Market Wrap. Oil slides on US Govt spooking market. RBA says labour costs are low and retail competition is strong. Technology One shines 8.2% on 10-15% profit growth guidance. Watch for summary of Tuesday's news.

RBA concerned about US policy: Aus shares 0.4% lower at noon

Finance News
17/07/2018 12:00:00

17 Jul 2018 - Market at Midday. RBA concerned about US policy affecting global outlook. Whitehaven Coal down 3.1%, but up 85% YOY. Bingo major holders say 'not selling', Tassal gets green light to restock Macquarie Harbour. Praemium near 1-yr high.

Wall Street choppy: Aus shares to open lower

Finance News
17/07/2018 08:28:00

17 Jul 2018 - Australian shares look set to open lower. CIMIC (ASX:CIM) announced on Monday that it has been named as the Victorian Government’s preferred party.

China data disappoints, Profit taking tolls: Aus shares close 0.43% lower

Finance News
16/07/2018 17:00:00

16 Jul 2018 - Market Wrap Report. Started week lower on weak China data, and profit taking in health care. CSL (ASX:CSL) down 2.9% today but up 54% YOY. G8 Education gains 5.5%. Tourists up 4% YOY. Click for more.

Subdued start ahead of busy wk: Aus shares 0.4% lower at noon

Finance News
16/07/2018 12:00:00

16 Jul 2018 - Market at Midday. Red start on the back of profit taking, while traders await RBA minutes. Downer wins Chevron contracts, Mirvac's new Brisbane building let to Suncorp but will be sold, Emerge Gaming up 25%. Click for more news.

Wall Street edges higher on Friday: Aus shares to open lower

Finance News
16/07/2018 08:25:00

16 Jul 2018 - Despite a solid session on Wall Street on Friday Australian markets look set to open lower. Private hospitals operator, Ramsay Health Care (ASX:RHC) has made a $1 billion dollar takeover bid for Swedish hospitals group Capio.

CSL continues to shine, financials weigh: Aus shares close flat

Finance News
13/07/2018 17:00:00

13 Jul 2018 - Market Wrap. ASX ended virtually flat today but finishes week lower. CSL extends its all-time high rally closing above $204. Netwealth rallies, Mineral Res leads, Rio Tinto sells Grasberg assets for $3.5b. Watch for more.

Financials slip: Aus shares 0.2% lower at noon

Finance News
13/07/2018 12:00:00

13 Jul 2018 - Market at Midday Report. Staples and Financials lead the drag but Netwealth bucks the trend.. Mineral Resources one of the star performers after its JV steams up. Watch for more.

Tech leading the way: Aus shares to open higher

Finance News
13/07/2018 08:28:00

13 Jul 2018 - ASX is set to open higher as all three US benchmarks rose over 1%, with tech leading the way. And CIMIC Group’s (ASX:CIM) mining provider, Thiess, will continue its relationship with OZ Minerals.

Sonic and CSL booster shot: Aus shares close 0.9% higher

Finance News
12/07/2018 17:00:00

12 Jul 2018 - Market Wrap. Booster shot with Sonic Health & CSL hitting all time highs. AP. Eagers sees record profits, Freedom Foods Group to see 35% sales growth. Click for more news.

Sonic boom: Aus shares 0.8% higher at noon

Finance News
12/07/2018 12:00:00

12 Jul 2018 - Market at Midday. Sonic Health Care (ASX:SHL) rallies up 5.7%, setting an all time high, leading the ASX. Energy stocks slip after oil falls. News on Rural Funds Group and A2 Milk. Watch for more.

Metals and miners drop: ASX set to open lower

Finance News
12/07/2018 08:20:00

12 Jul 2018 - Australian shares are set to open lower this morning after a global sell off saw metals and miners drop yesterday. Oil was hit hard too. High-level trade talks between the US and China have ground to a halt. The Trump administration continues to threaten to escalate a trade war. Corporate Travel Management (ASX:CTD) has continued its push into the Asian market with the $50 million acquisition of a majority stake in a Hong Kong-based travel company.

US threatens more tariffs: Aus shares close 0.7% lower

Finance News
11/07/2018 17:00:00

11 Jul 2018 - The ASX has recorded its worst performance in a month, this comes under threats from the US to impose more tariffs on Chinese goods – that could be up to $200 million. Most of the sectors were down today although consumer discretionary managed a rise- utilities came out the worst. Flight Centre Travel (ASX:FLT) managed to lift against the market. RioTinto (ASX:RIO) and South32 (ASX:S32) both saw losses. Greenland Minerals (ASX:GGG) prepare for test work on Kevanefjeld ore.

Tariff tensions escalate: Aus shares 0.6% lower at noon

Finance News
11/07/2018 13:05:00

11 Jul 2018 - The local bourse has fallen 0.6 per cent to a 3 day low as investors again focus on the threat of a trade war. Greenland Minerals (ASX:GGG) shareholder Shenghe Resources selected two leading labs in China to visit Perth for test work on the company’s ore.

Dow Jones posts 4 day winning streak: Aus shares to open higher

Finance News
11/07/2018 08:25:00

11 Jul 2018 - Australian shares are set to open higher this morning bolstered by a strong session in the US overnight. The Dow Jones has posted a four day winning streak as the latest corporate earnings season kicks off. There’s been another twist in the takeover battle for Gateway Lifestyle Group (ASX:GTY) US bidder Hometown has taken its increased offer of $2.30 per stapled security off the table.

Banks take on losses: Aus shares close 0.44% lower

Finance News
10/07/2018 17:00:00

10 Jul 2018 - The Australian share market has seen a fall today mainly due to losses on big financial stocks. Comm Bank (ASX:CBA) shares ANZ (ASX:ANZ), Westpac (ASX:WBC) and NAB closed lower. Base metals lifted over night. And Litigation funding provider IMF Bentham (ASX:IMF) is funding a representative complaint against Facebook over alleged breaches of the Australian Privacy Principles.