Monthly Archives: January 2018

Bounce back attack: Aus shares close 0.3% higher

31 Jan 2018 - Market Wrap Report: Aussie share market recovers from sell off with gains in telcos, property, and health stocks leading the charge. The inflation rate creeped higher to 1.9 per cent year-on-year. Sirtex Medical (ASX:SRX) shares bucked 46 per cent higher. Big Un (ASX:BIG) saw its cash receipts from customers grow 460 per cent. Healthy fast food company Oliver’s Retail Food (ASX:OLI) shares jumped after reporting stronger results.

US stocks see biggest drop since Aug: Aus shares 0.2% lower at noon

31 Jan 2018 - Market at Midday: The Australian share market dived at the open, falling for the second day in row on the back of Wall Street’s negative leads on fears higher interest rates could dampen markets, but the ASX is startinng to claw back. Property, telcos and health stocks rise with Sirtex Medical (ASX:SRX) up 45 per cent. Infigen Energy (ASX:IFN) reported a two per cent jump in its 2018 half financial year revenue. QBE Insurance (ASX:QBE) [...]

World markets slip: ASX closes 0.9% lower

30 Jan 2018 - Market Wrap Report: The Australian share market had a lackluster day of trade falling almost 0.9 per cent, wiping out yesterday’s gains. One of Australia’s leading gold producers Westgold Resources (ASX:WGX) reported a 25 per cent spike in gold sales and a rise in gold output in the December quarter. We saw the Commonwealth Bank of Australia (ASX:CBA) increase its majority holding in Independence Group (ASX:IGO) The gold explorer and developer, Black Cat Syndicate (ASX:BC8) [...]