Monthly Archives: May 2020

5th consecutive week of gains: Aus gain 4.5% over week

29 May 2020 - Despite today’s losses, the market finished the week 4.5% higher. That’s the fifth consecutive week of gains for the ASX200. Investors are optimistic that the easing of covid-19 restrictions will signal an economic rebound. Heavy industry engineering and construction company Lycopodium (ASX:LYL) has revised its NPAT guidance for the financial year ending 30 June down to $11.5 million.

Nine Entertainment cheers as NRL season kicks off: Aus shares to open lower

29 May 2020 - Australian futures are pointing to a weak start after the Dow dropped almost 300 points in late session trade. The Australian National Cabinet will meet today to discuss how the lifting of lock down restrictions has progressed across the country and to develop public transport guidelines. Nine Entertainment Co Holdings (ASX:NEC) has revised its contract with the NRL for the next three years.