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ASX 200 Made New 100-Day High
Market Updates

ASX 200 Made New 100-Day High

On May 10, 2021, broader market witnessed favourable movement led by basic materials stocks. Notably, ASX 200 rose by 92.00 points or 1.30% to 7172.80. As can be seen from the below table, ASX 300 also increased by 1.28% to 7164.50 while ASX MIDCAP50...

What Made Nearmap (ASX: NEA) Close 6% Higher Today?
Stock Market

What Made Nearmap (ASX: NEA) Close 6% Higher Today?

Summary Share Prices are very sensitive to company announcements, especially the ones having a cost or profit impact. Nearmap director today went for on-market purchasing to boost investor confidence. A legal complaint has been raised against ...

Dogecoin Wasn’t the Only Crypto to Fall After Musk’s SNL Appearance
Cryptocurrency

Dogecoin Wasn’t the Only Crypto to Fall After Musk’s SNL Appearance

This year has seen a flock of cryptocurrencies across the board make significant gains. The most well known of these – Bitcoin (BTC)  – has surged 96% since January, and its success has bled over to some other altcoins, so much so ...

How are ASX Travel Stocks FLT, CTD and AQZ Placed Amid Border Closure?
Stock Market

How are ASX Travel Stocks FLT, CTD and AQZ Placed Amid Border Closure?

Summary Despite the closure of Australian borders and travel bans, a few Australian companies have started showing signs of recovery. Flight Centre reported record COVID-period sales revenue in March, supported by the Australian corporate &...

Why BOD Australia, Delorean shares are charging higher today
Stock Market

Why BOD Australia, Delorean shares are charging higher today

Summary Bod Australia has reported highest ever monthly sales of medicinal cannabis products in April. The sales accounted for around 27% of the total special access scheme category B prescriptions filled across Australia in April 2021. Delore...

Six ASX Stocks To Watch As Copper Hits An All-Time-High
Stock Market

Six ASX Stocks To Watch As Copper Hits An All-Time-High

Summary Copper prices have almost doubled in the past one year. Amid robust economic recovery, copper prices have hit all-time high level. A dramatic surge in copper demand after ease in lockdown coupled with stimulus packages has skyrocketed ...

Forget Bitcoin! This crypto delivered nearly 450% returns so far in 2021
Cryptocurrency

Forget Bitcoin! This crypto delivered nearly 450% returns so far in 2021

Summary Ether has witnessed a strong rally this year, with its value jumping by 450% so far in 2021. The price of Ether crossed US$4,000-mark for the first time on May 9. The rise of Ethereum and other digital coins has weakened Bitcoin’...

The Buzzing Trends on ASX Today
Stock Market

The Buzzing Trends on ASX Today

With most of the sectors up day, Materials being the best performer, S&P ASX 200 closed creating a new 100 day high today at 7172.80, up by 1.30%. 10 of 11 sectors closed in green. The increase in the index is backed by firmed metal prices and ga...

Here’s why Bionomics (ASX:BNO) shares were trending on the ASX today
Stock Market

Here’s why Bionomics (ASX:BNO) shares were trending on the ASX today

Summary Biopharmaceutical company Bionomics Limited will expand its product pipeline for the treatment of Social Anxiety Disorder (SAD). The Company disclosed that the rapid oral absorption of the novel tablet formulation of BNC210 is appropria...

Twenty Seven Co. (ASX:TSC) Raises A$2.7M in Oversubscribed Rights Issue
Sponsored

Twenty Seven Co. (ASX:TSC) Raises A$2.7M in Oversubscribed Rights Issue

Australia-focused mineral explorer Twenty Seven Co. Limited (ASX:TSC) has closed a significantly oversubscribed renounceable rights issue, highlighting significant support from shareholders as well as new institutional and professional investors. T...

March Quarter Cements Lithium Australia’s Dominance in Battery Market
Sponsored

March Quarter Cements Lithium Australia’s Dominance in Battery Market

A leader in battery-material processing technologies, Lithium Australia NL (ASX: LIT) is going from strength to strength in the sustainable battery space on the back of its remarkable progress supported by the buoyant market scenario. The Company&r...

What boosted Australia’s retail sales, business confidence despite coronavirus
Economy

What boosted Australia’s retail sales, business confidence despite coronavirus

Summary The Australian retail sales soared in March and measure of business conditions hit a record high in April, despite the end of the Australian government’s support programme for jobs. The retail turnover surged 1.3% in March from 1....

  • May 10, 2021 03:41 PM AEST
  • Ashish
Closing Bell: ASX 200 crosses 7100-mark on record commodity prices
Stock Market

Closing Bell: ASX 200 crosses 7100-mark on record commodity prices

The benchmark index ASX 200 maintained its upward trajectory at the close, propelled by metal & mining stocks, which surged on record commodity prices. The benchmark was trading higher by 69.1 points or 0.98% at 7149 at the closing bell. During...

Australian retail sales drop: How have shares of retailers reacted?
Stock Market

Australian retail sales drop: How have shares of retailers reacted?

Summary The sales volume dropped by 0.5% in the March 2021 quarter. The announcement had negative impact on the shares of retailers. However, Woolworths continued to rally on back of demerger plan. Retail sales dropped by 0.5% in the Marc...

Woolworths’ (ASX:WOW) Endeavour Demerger in the Offing
Stock Market

Woolworths’ (ASX:WOW) Endeavour Demerger in the Offing

Summary Woolworths Group provides further details concerning the demerger of Endeavour Group, the retail drinks and hospitality division. The proposed demerger, first announced in 2019, was put on hold due to the COVID-19 pandemic. The retail ...

Meet the leadership team behind Chimeric Therapeutics’ innovative CLTX-CAR T therapy
Sponsored

Meet the leadership team behind Chimeric Therapeutics’ innovative CLTX-CAR T therapy

ASX-listed Chimeric Therapeutics Limited (ASX:CHM) is involved in developing pioneering CLTX CAR T cell therapies for solid tumours. The Company’s CLTX-CAR T technology uses chlorotoxin (CLTX), a peptide discovered in scorpion venom. The inn...

Top 5 ASX gainers of the day
Stock Market

Top 5 ASX gainers of the day

The benchmark equity index ASX 200 traded higher on Monday, adding 84 points or 1.19% to 7,164, amid broad-based buying by afternoon. Earlier, the benchmark hit fresh 14-month high on Monday, buoyed by gains in metals and mining stocks. T...

Here’s Why PointsBet Is Acquiring US-based Premier Turf Club
Stock Market

Here’s Why PointsBet Is Acquiring US-based Premier Turf Club

Summary PointsBet has reached a deal to acquire an advance deposit wagering racing operator in the US. The deal would situate PointsBet within the growing US online racing market. The deal is expected to close later this month.  The ...

Five penny stocks that are charging higher today
Stock Market

Five penny stocks that are charging higher today

Summary The TLM share price has skyrocketed by 19.3% to AU$0.185 in today’s session. PGC announced it has successfully renegotiated its banking facilities have been with NAB. On Friday, MGT received binding commitments to raise up to AU$...

  • May 10, 2021 02:05 PM AEST
  • Aayush
NZ Removes NSW Travel Ban; Vaccination Of Tokyo Olympic-Bound Australian Athletes to Start
World News

NZ Removes NSW Travel Ban; Vaccination Of Tokyo Olympic-Bound Australian Athletes to Start

Summary Travel between New Zealand and New South Wales resumed from early hours of Monday. Sydneysiders are urged to follow COVID-19 protocols. Vaccination of Australian athletes and staff commenced from Monday. Source: Copyright ©...

Market Outlook: Four key things to watch out for this week
World News

Market Outlook: Four key things to watch out for this week

In contrast to the markets’ flat trend last week, it is going to be a high-octane week in terms of macro announcements. The packed week will see Australia’s budget being put forth, the UK’s growth numbers being announced and diffe...

Crown Resorts Appoints New CEO, Receives Merger Offer from The Star Entertainment Group
Stock Market

Crown Resorts Appoints New CEO, Receives Merger Offer from The Star Entertainment Group

Summary ASX 200 Listed Crown Resorts’ new Chief Executive Officer and Managing Director is expected to aid in the ongoing reforms. The company has received a merger bid worth AUD12 billion from The Star Entertainment Group. Many players ...

Dividends Galore: Two ASX Stocks with Annual Dividend Yield of over 10%
Stock Market

Dividends Galore: Two ASX Stocks with Annual Dividend Yield of over 10%

Fortescue Metals Group Ltd and AGL Energy Ltd are two leading ASX-listed companies delivering an annual dividend yield of over 10%. Dividend yield refers to the amount of money the company pays to its shareholders for owning its shares. Dividend y...

Mid-Market: ASX hits fresh 14-month high; A2 Milk shares fall 12%
Stock Market

Mid-Market: ASX hits fresh 14-month high; A2 Milk shares fall 12%

The benchmark index ASX 200 extended rally by afternoon, adding 84 points or 1.19% to 7164, amid broad-based buying. The benchmark hit fresh 14-month high on Monday, driven by gains in technology and gold stocks.  Eight of 11 sectors were high...

3 ASX-listed healthcare stocks that are trending today – TLX, BDA, OSX
Stock Market

3 ASX-listed healthcare stocks that are trending today – TLX, BDA, OSX

Summary Oncology player Telix Pharmaceuticals has commenced Phase 3 clinical trial of its prostate cancer therapy candidate. Polymer implants manufacturer Osteopore Limited has obtained CE certification for a significantly broader range of prod...

Raiden Resources (ASX:RDN/ DAX:YM4) gears up for operations in Pilbara region
Sponsored

Raiden Resources (ASX:RDN/ DAX:YM4) gears up for operations in Pilbara region

Raiden Resources Limited (ASX:RDN / DAX:YM4) has kicked off field programs on Mt Sholl and Boodalyerrie tenures in Western Australia’s Pilbara region. Recently, the gold and base metals explorer also increased its stake in its tenures to 100%...

Three ASX growth shares to set your sights on for this year
Stock Market

Three ASX growth shares to set your sights on for this year

Summary NEXTDC is a leading data centre operator, which had witnessed exponential growth in its business during the coronavirus pandemic. Aristocrat’s digital business has been a big winner during the challenging times. Zip Co has been g...

  • May 10, 2021 12:03 PM AEST
  • Aayush
3 ASX-listed Resource Stocks Chalking Up Big Gains Amid Surging Commodity Prices
Stock Market

3 ASX-listed Resource Stocks Chalking Up Big Gains Amid Surging Commodity Prices

Summary Commodity prices are hitting all-time high levels amid robust economic recovery. The market has recorded an unexpected commodity demand surge after the ease in global lockdowns. Many ASX-listed resource space players are cashing on the...

ASX 200 today:  What’s powering Australian shares higher ahead of budget day?
Stock Market

ASX 200 today: What’s powering Australian shares higher ahead of budget day?

Starting the week on a feeble note, the ASX 200 on Monday opened 3.10 points down to 7,077.70, despite the US stock closing higher on Friday. However, soon the domestic stock market recovered, and Australian shares hit a near 15-month high, buoyed ...

  • May 10, 2021 11:26 AM AEST
  • Ashish
Dogecoin nosedives on Musk’s remarks; what does it mean for the cyptocurrency?
Cryptocurrency

Dogecoin nosedives on Musk’s remarks; what does it mean for the cyptocurrency?

The meme-turned-frenzy cryptocurrency, Dogecoin, plummeted after billionaire Elon Musk of Tesla Inc (NASDAQ:TSLA) called it a ‘hustle’ in a live show. At one point in time in the last 24 hours, the digital asset was down 31.7% from its...

Halucenex partners with Nucro-Technics to test psilocybin efficacy in treatment-resistant PTSD
Sponsored

Halucenex partners with Nucro-Technics to test psilocybin efficacy in treatment-resistant PTSD

Summary Halucenex Life Sciences has partnered with Nucro-Technics to assess synthetic psilocybin’s efficacy in treatment-resistant Post Traumatic Stress Disorder (PTSD). With this agreement, the Company will develop and validate methods f...

ASX 200 on Monday: Top 5 things to watch out
Stock Market

ASX 200 on Monday: Top 5 things to watch out

The ASX 200 is expected to begin the week on a weaker note even as US stocks ended higher on Friday. The Australian share market may open lower on Monday, with futures pointing towards a fall of 4 points, or 0.1%. The investors’ sentiment wou...

  • May 10, 2021 09:20 AM AEST
  • Ashish
How will A2 Milk’s latest guidance affect its share price?
Stock Market

How will A2 Milk’s latest guidance affect its share price?

A2 Milk (ASX:A2M) shares would be in focus on Monday as the company has again slashed its FY21 revenue guidance. The revised guidance came as the company said that despite its 3Q21 sales being in line with the plan at AU$295 million, it could not a...

  • May 10, 2021 08:38 AM AEST
  • Ashish
ASX 200 to open on a flat note
Stock Market

ASX 200 to open on a flat note

Summary The ASX 200 is looking to start the new week on a flat note despite a strong US session on Friday. The dollar slid 0.73%, while the Australian dollar was up by 0.72% to 0.7839. The US gold Futures closed 0.9% up, at US$1,831.30 an ounc...

  • May 10, 2021 08:32 AM AEST
  • Aayush
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