New Energy Solar (ASX:NEW) to sell parts of two of its US solar plant assets: Aus shares close 0.7% lower

New Energy Solar (ASX:NEW) to sell parts of two of its US solar plant assets: Aus shares close 0.7% lower

 

The Australian share market closed lower today, tracking 0.7 per cent down at the end of trade. Monadelphous Group (ASX:MND) led the way as the best performing stock today following their $100 million contract win with Rio Tinto, and Biotech company PolyNovo recorded the most losses. Aristocrat Leisure was popular with the brokers following the release of the company’s profit results yesterday which saw their stock increase today. As for the sectors, all are in the red, with Consumer Staples recording the fewest losses and Info Tech coming in last.

The S&P/ASX200 index

At the closing bell the S&P/ASX 200 index closed 50 points lower to finish at 6,673.

Futures market

Dow futures are suggesting a fall of 69 points
S&P 500 futures are eyeing a fall of 8 points.
The Nasdaq futures are eyeing a dip of 24 points.
And the ASX200 futures are eyeing a 44 point fall for tomorrow morning.

Company news

New Energy Solar (ASX: NEW) is selling parts of two of its US solar plant assets. The company will run a formal sale process for a 49% interest in Boulder in Nevada and a 50% interest in Mount Signal 2 in California. The sale process has been initiated after receiving expressions of interest from third parties which represent an opportunity to realise value for security holders. Shares in New Energy Solar (ASX: NEW) closed 4.9 per cent higher at $1.28.

Looking at some more headlines:

Redflex Holdings (ASX:RDF) US subsidiary, Redflex Traffic Systems, has entered into a major agreement with the Los Angeles County Metropolitan Transportation Authority that’s expected to generate approximately $36.8 million in revenue.

Immuron Limited (ASX:IMC) has met with the US Food and Drug Administration (FDA) regarding the development of a drug to treat traveler’s diarrhea (TD). The company now plans to file an Investigational New Drug (IND) application followed by a Phase 3 trial of IMM-124E.

Some good news for iSignThis Ltd (ASX:ISX) the tech giant has been given a ‘prime’ rating by Institutional Shareholder Services Inc. (ISS), the world’s leading provider of corporate governance and responsible investment. 

IPO

KKR Credit Income Fund (ASX:KKC) started trading today. The company floated with an issue price of $2.50, opening at $2.48 and closing at $2.48 at the end of today's trade.

Best and worst performers of the day

The sector with the fewest losses today is Consumer Staples, shedding 0.2 per cent, while the worst performing sector was InfoTech, shedding 1.3 per cent.

The best performing stock in the S&P/ASX 200 is Monadelphous (ASX:MND) closing 3 per cent higher at $16.50 followed by shares in Southern Cross Media (ASX:SXL) and Metcash (ASX:MTS).

The worst performing stock in the S&P/ASX 200 is PolyNovo (ASX:PNV), dropping 6.1 per cent to $1.85, followed by shares in Webjet (ASX:WEB) and Mineral Resources (ASX:MIN).

Asian markets

Japan’s Nikkei has lost 0.8 per cent, Hong Kong’s Hang Seng has lost 1.6 per cent and the Shanghai Composite has also lost 0.4 per cent.

Commodities and the dollar

Gold is trading at US$1,472 an ounce.
Iron ore price is 0.6 per cent higher at US$86.33.
Iron ore futures are pointing to a fall of 0.3 per cent.
Light crude is 8 cents up at US$57.09 a barrel.
One Australian dollar is buying 67.96 US cents.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

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