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Market Reports

5th consecutive week of gains: Aus gain 4.5% over week

29 May 2020 - Despite today’s losses, the market finished the week 4.5% higher. That’s the fifth consecutive week of gains for the ASX200. Investors are optimistic that the easing …

Private sector credit steady in April: Aus shares 1.1% lower at noon

29 May 2020 - The Australian share market opened lower and slid throughout the morning as the big four bank rally that we have been seeing the first 4 sessions of the week came to …

Nine Entertainment cheers as NRL season kicks off: Aus shares to open lower

29 May 2020 - Australian futures are pointing to a weak start after the Dow dropped almost 300 points in late session trade. The Australian National Cabinet will meet today to disc…

Blackmores (ASX:BKL) completes its $92m institutional placement: Aus shares close 1.32% higher

28 May 2020 - The Australian share market rose at the open and continued to rally, closing 1.3 per cent up at the end of today’s trade. 93% of businesses accessed support measures …

ABS - 72% of businesses see revenue decrease: Aus shares 2.31% higher at noon

28 May 2020 - The Australian share market opened higher this morning and is now trading 2.31 per cent up at noon. Blackmores (ASX: BKL) has completed its $92m institutional placeme…

Wall Street grows optimistic on an economy restart: ASX poised to open higher

28 May 2020 - Following a lift from US markets overnight, the ASX looks set to open higher this morning. On Wall Street, optimism grew as more and more companies start to reopen. T…

The big four banks see a huge rally: ASX closes 0.1% lower

27 May 2020 - After a rise after mid-morning trade the ASX took an afternoon slump and closed 0.1% lower. Banks saw a rally today. The ANZ (ASX:ANZ), NAB (ASX:NAB) and Westpac (ASX…

Construction work fell in the March quarter: ASX tracking 0.3% lower

27 May 2020 - The ASX dropped at the open, pulled back up in mid morning trade and is now tracking 0.3% lower at noon. Financials is the sector leading the way giving the market a …

Market optimism in the US as more businesses reopen: ASX poised to open lower

27 May 2020 - Despite a rise in US markets overnight, the ASX looks set to open lower this morning. Wall St didn’t reach its session highs but there was optimism as more and more s…

Downer EDI (ASX:DOW) wins $450m Fortescue (ASX:FMG) contract: ASX closes 2.9% higher

26 May 2020 - The ASX has recorded its best session in seven weeks as it exits a bear market. The local bourse managed to close 2.9% higher. Afterpay (ASX:APT) shares hit $50 today…

Sandfire Resources (ASX:SFR) shares drop despite pleasing results from Botswana project: ASX tracking 1.9% higher at noon

26 May 2020 - The ASX continued a rise in mid morning trade and is now tracking almost 1.9% higher at noon. Shares in Graincorp Group (ASX:GNC) slipped today as did Sandfire Resour…

Scott Morrison to outline economic recovery plans: ASX to open higher

26 May 2020 - The ASX looks set to continue the good start to the week by opening higher once again this morning. The US stock market and markets in the UK were closed for public h…

Aussie market kicks off the week on a high: Travel sector pushes higher on hopes of further government support

25 May 2020 - The Aussie market got off to a strong start to the new week. Travel shares surged after the Treasurer said further industry support is possible. Afterpay (ASX:APT) sh…

Aus shares open firmly higher despite simmering global tensions: UBS remains bearish on Afterpay (ASX:APT)

25 May 2020 - The Australian sharemarket has opened the week firmly higher, extending its rebound and is trading at an 11 week high. The stellar start comes as geopolitical tension…

US stocks finish mixed on Friday, but Dow posts best weekly performance since April 9: Aus shares to open higher

25 May 2020 - US stocks closed mixed on Friday as US-China tensions dominated. The US Commerce Department said it was adding 33 Chinese companies and other institutions to an econo…

Hospitality boost as NSW eases restictions: Aus shares close 0.96% lower

22 May 2020 - The Australian share market closed 0.96 per cent down at the end of trade. 50 patrons can be seated in pubs and restaurants in NSW from June 1. Air New Zealand (ASX:A…

Worley (ASX:WOR) awarded Hardisty Energy Terminal contract: Aus shares 0.3% lower at noon

22 May 2020 - The Australian share market opened higher this morning and is now trading 0.3 per cent lower at noon. Worley (ASX:WOR) has been awarded a contract by Hardisty Energy …

Trump vows to keep US open during second wave of Covid-19: ASX poised to open lower

22 May 2020 - Following a fall in US markets overnight, the ASX looks set to open lower this morning. Mining stocks pulled the market down yesterday after reports changes to China'…

Afterpay (ASX:APT) a strong performer after releasing US figures: ASX closes 0.4% lower

21 May 2020 - After opening in the black the local bourse lost momentum to close 0.4% lower. NRW Holdings (ASX:NWH) shares shot up today after reporting record revenue of $1.6 bill…

Aristocrat (ASX:ALL) shares down after fall in first half net profit: ASX tracking 0.2% lower at noon

21 May 2020 - The ASX has had a rollercoaster of a morning dipping in midday trade after a rise at the open and is now tracking 0.2% lower at noon. Shares in NRW Holdings (ASX:NWH)…

Global coronavirus cases hit a daily record this week: ASX poised to open higher

21 May 2020 - After a tech rally on US markets overnight, the ASX looks set to open higher this morning. Facebook shares surged up 6%, Amazon rose as did Apple and Google. Meanwhil…

ASX claws back from a drop at the open: ASX closed 0.2% higher

20 May 2020 - The ASX dropped at the open then managed to claw back up to close 0.2% higher. Shares in EML payments (ASX:EML) rose today, as shares in Ausnet Services (ASX:AST) dro…

Retail turnover dropped 18% in April: ASX tracking 0.2% lower at noon

20 May 2020 - The ASX is now tracking almost 0.2% lower at noon. EML payments (ASX:EML) rose today after reporting that they remain on course to deliver a solid full year result de…

Markets fall on doubts over Covid-19 vaccine: ASX poised to open lower

20 May 2020 - After Covid-19 vaccine hopes were questioned yesterday, US markets fell overnight. The Australian share market now looks set to open lower this morning. Experts now s…

News of COVID-19 vaccine candidates lifted the market: ASX closed 1.8% higher

19 May 2020 - It has been a positive day of trade for the ASX it managed to maintain momentum with the local bourse closing 1.8% higher. Shares in Unibail-Rodamco-Westfield (ASX:UR…