Monthly Archives: November 2020

Worst market performance of the month: ASX closes 1.3% lower

30 Nov 2020 - The Australian share market failed to gain momentum today with the local bourse closing 1.3 per cent lower. Shares in Treasury Wine Estates (ASX:TWE) dropped today on news of Chinese tariffs on Australian wine imports. Information technology is the only sector that has made gains today. Bank of Queensland (ASX:BOQ) has completed the Capital Notes 2 offer, raising $260 million.

Business indicators fall short of expectations: ASX tracking 0.6% lower at noon

30 Nov 2020 - The ASX is tracking 0.6% lower at noon. Shares in Treasury Wine Estates (ASX:TWE) dropped today on news of Chinese tariffs on Australian wine imports. Meanwhile, shares in Bega Cheese (ASX:BGA) continue to rally after they successfully raised $284 million last week. Select Harvests Limited (ASX:SHV) report a net profit after tax (NPAT) of $25.0 million for the year ended 30 September 2020.

AUD advances against the USD: ASX poised to open higher

30 Nov 2020 - The ASX looks set to open higher this morning as shares on Wall Street ended their week up. The Aussie dollar advanced and now sits just under 0.74 US dollars. Dr. Anthony Fauci, the top infectious disease expert in the US, said yesterday that the States is heading into a difficult period of the coronavirus pandemic. He said current restrictions will be necessary for the Christmas holiday season. Synlait Milk (ASX:SM1) is pleased to announce [...]

Chinese tariffs threaten to drown Australian wine exports: Aus shares up 0.9% over week

27 Nov 2020 - After opening modestly lower, the ASX200 lost ground throughout the day to close 0.5 per cent lower. All of the sectors ended in the red, except Real Estate Investment Trusts. Australia’s wine industry was dealt a blow today. The Chinese Government announced new tariffs-like deposits of up to 200 per cent on all Australian wine imports from tomorrow. Treasury Wine Estates (ASX:TWE) requested a trading halt this afternoon after its shares plunged on the back [...]

Bega raises $284M: Aus shares 0.4% lower at noon

27 Nov 2020 - The Australian share market opened slightly lower and has made a modest decline in the first 2 hours of trade. Energy stocks are dragging on the market. Most of the sectors are trading in the red. Shares in Bega Cheese (ASX:BGA) have rallied this morning, after it successfully raised $284 million, via the institutional component of its 1 to 4.5 pro rata entitlement offer, and its underwritten institutional placement.

Bega raises $284M: Aus shares 0.4% lower at noon

27 Nov 2020 - The Australian share market opened slightly lower and has made a modest decline in the first 2 hours of trade. Energy stocks are dragging on the market. Most of the sectors are trading in the red. Shares in Bega Cheese (ASX:BGA) have rallied this morning, after it successfully raised $284 million, via the institutional component of its 1 to 4.5 pro rata entitlement offer, and its underwritten institutional placement.