Monthly Archives: May 2020 (Page 2)

Wall Street grows optimistic on an economy restart: ASX poised to open higher

28 May 2020 - Following a lift from US markets overnight, the ASX looks set to open higher this morning. On Wall Street, optimism grew as more and more companies start to reopen. The Trump administration is considering sanctions on Chinese officials, threatening to escalate tensions between the world’s two largest economies. Back home experts warn many businesses will collapse in September when the JobKeeper allowance is withdrawn. On the commodities front gold and oil both fell. Synlait Milk [...]

The big four banks see a huge rally: ASX closes 0.1% lower

27 May 2020 - After a rise after mid-morning trade the ASX took an afternoon slump and closed 0.1% lower. Banks saw a rally today. The ANZ (ASX:ANZ), NAB (ASX:NAB) and Westpac (ASX:WBC) all closed around 8%. Saracen Mineral Holdings (ASX:SAR) shares saw a decline today. Director Raleigh Finlayson has sold 500,000 shares in the company. Resimac Group (ASX:RMC) is pleased to confirm it has priced a $500 million prime Residential Mortgage-Backed Security (RMBS) transaction.

Constrution work fell in the March quarter: ASX tracking 0.3% lower

27 May 2020 - The ASX dropped at the open, pulled back up in mid morning trade and is now tracking 0.3% lower at noon. Financials is the sector leading the way giving the market a boost, healthcare falling behind. Shares in Southern Cross Media Group (ASX:SXL) did well today, Saracen Mineral Holdings (ASX:SAR) saw a decline. And Challenger Exploration (ASX:CEL) confirms discovery of large-scale gold system.