Monthly Archives: February 2018

Back track on company results: Aus shares close 0.7% lower

28 Feb 2018 - Market Wrap: ASX200 loses steam on the back of company results. Macquarie Atlas Roads (ASX:MQA) profits soared in 2017 on back it snapping up a US toll road and increasing its stake in French toll road Autoroutes. Harvey Norman (ASX:HVN) has seen its profits drop about 19 per cent in the half year ending December. Adelaide Brighton (ASX:ABC) has seen its full year profit slip 2.3 per cent. Virgin Australia Holdings (ASX:VAH) reported a half [...]

Giving up gains: Aus shares 0.4% lower at noon

28 Feb 2018 - Market at Midday: ASX200 dropped like a stone at the open following negative leads from Wall Street and commodities. Lithium players Pilbara Minerals (ASX:PLS) and Galaxy Resources (ASX:GXY) shine. Private Sector Credit or ‘loans outstanding’ held steady for the month of January, missing analysts exceptions. Harvey Norman (ASX:HVN) saw its profits drop about 19 per cent in the half year ending December 2017 on the back of devaluations and a write down for its diary [...]

Wall Street drops: Aus market to open lower

28 Feb 2018 - Following weak leads from US markets, the Australian share market looks set to open lower. The Dow and the S&P 500 both fell following a testimony by new Federal Reserve Chair Jerome Powell. His address to congress signaled the Fed will keep raising interest rates to contain inflation. Film industry technology company Vista Group International (ASX:VGL) has reported its net profit after tax (NPAT) fell from $50 million to $10 million for the full year [...]

ASX sets three week high: Aus shares close 0.2% higher

27 Feb 2018 - Market Wrap: ASX etches a three week high and is now 1.2 per cent off its 10-year highs. Cabcharge (ASX:CAB) reported an improvement in its loss for the six months ending 31 December 2017. Caltex (ASX:CTX) reported a slight rise (of 1 per cent) in net profit after tax in 2017. Costa Group Holdings (ASX:CGC) reported a 15 per cent rise in its profits. Iluka Resources (ASX:ILU) reduced its net loss from $224 million to [...]