Monthly Archives: November 2017

Losing steam: Aus shares close 0.69% lower

30 Nov 2017 - Market Wrap: ASX200 slipped at the open, remaining underwater throughout the session with Aristocrat (ASX:ALL) and Alumina (ASX:AWC) falling. Fortescue Metals (ASX:FMG) CFO Elizabeth Gains will become the new CEO and Julie Shuttleworth will take the role as Deputy CEO. Three companies floated today, Cape Range (ASX:CAG), First Cobalt Corp (ASX:FCC) and Kirkland Lake Gold (ASX:KLA).

Banking enquiry weighs: Aus shares 0.6% lower at noon

30 Nov 2017 - Market at Midday: The Australian share market slipped at the open and after the announcement of a Royal Commission into the banking sector, financials copped a blow with CBA falling over 2 per cent. Aristocrat (ASX:ALL) lost over 4.8 per cent despite it announcing acquisition of Big Fish Games and stronger results. Tabcorp (ASX:TAH) shares are over 1 per cent higher after CrownBet agreed not to contend the proposed merger of Tabcorp and [...]

Tech stocks fall: Aus shares to open lower

30 Nov 2017 - Market Outlook in 3 mins: The Dow rose 103 points, closing on a record high, and the Nasdaq went the other way with tech stocks declining. Macmahon (ASX:MAH) executed the final mining services contract for the Byerwen Coal project worth $350 million. Creso Pharma (ASX:CPH) offers eligible shareholders the option to purchase up to $15,000 worth of shares in its share purchase plan to fund its cannabis growing facility in Canada.