Monthly Archives: April 2019

ASX slips on profit taking and private sector credit miss: Aus shares close 0.5% lower

30 Apr 2019 - The Australian share market ends with half of the sectors in the black, clawing back from earlier selling across most of the board. Private credit grew 3.9% over year, vs 4.3% expected. Aveo Group (ASX:AOG) due diligence by potential takeover parties continues. Super Retail Group (ASX:SUL) shares gain on Macpac boost to sales and Seven Group Holdings (ASX:SVW) EBIT upgraded, EBIT to be 40% up on FY18.

Borrowing missed expectations: Aus shares 0.6% lower at noon, but 1% off 11.5yr highs

30 Apr 2019 - Australian share market lower for second day on profit taking and economic data missing expectations, depsite Wall Street at all-time highs. Super Retail Group (ASX:SUL) sales grow 4.4% with Macpac sales soaring 18% over 43 weeks. Domain Holdings (ASX:DHG) highlights home loans as area for growth as it yields $5,000, compared to listings that generate $180-$2,000.