Yearly Archives: 2020 (Page 2)

Wall Street reverses gains approaching year end: ASX poised to open lower

30 Dec 2020 - The ASX looks set to open lower this morning as Wall Street reversed their earlier gains. European stocks extended their end-of-year rally high in anticipation of fresh stimulus and as their Covid-19 vaccination program got under way. Tech stocks in the US were mixed with Google and Apple shares down. Netflix on the other hand was up. Biotech company Immutep (ASX:IMM) has secured the US patent for Eftilagimod Alpha.

Beach Energy (ASX:BPT) shares fell after disappoiniting hydrocarbon results: ASX closed 0.5% higher

29 Dec 2020 - The ASX had a strong day today following on from Wall Street, boosted by the United States passing its long-awaited Covid-19 stimulus bill. The local sharemarket managed to close 36 points up or 0.5% higher at 6,700. Shares in Platinum Asset Management (ASX:PTM) fell as it was reported Joseph Lai resigned as head of its Asia strategy. Shares in Beach Energy (ASX:BPT) are down after they reported no significant hydrocarbon shows at Ironbank 1.