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All ASX Indices Closed in Red Amid COVID-19 Restrictions in Australia
Market Updates

All ASX Indices Closed in Red Amid COVID-19 Restrictions in Australia

As the following table depicts, on May 06, 2021,  ASX 200 witnessed a sell off due to tension escalating between Australia and China. In addition to it, new COVID cases in Australia also depressed the equity segment. Notably, ASX 200 fell by 34....

VRX Silica Outlines a Rosy Outlook for its Silica Sand Projects
Sponsored

VRX Silica Outlines a Rosy Outlook for its Silica Sand Projects

Summary VRX Silica Limited (ASX:VRX) has recently published its RIU Sydney Resources Round-up presentation on the ASX. The Company has obtained strong interest from its potential customers in South-East Asia. VRX Silica expects the production ...

  • May 06, 2021 08:29 PM AEST
  • Damini
Auction House to Accept Bitcoin and Ether as Payment for Banksy Auction
Cryptocurrency

Auction House to Accept Bitcoin and Ether as Payment for Banksy Auction

Summary An auction house has announced it will accept cryptocurrency at an upcoming auction for an art piece by legendary artist Banksy. This will mark the first time Sotheby’s will accept cryptocurrency as a payment mode for a painting. ...

Stocks that made major moves on the ASX
Stock Market

Stocks that made major moves on the ASX

S&P ASX 200 opened on weakness across financial and technology sectors. Index had a flat trading session today, ending in red, down by 0.48% to 7061.70, after setting a new 52-week high yesterday. The gains in the heavyweight miners backed by hig...

Why Nearmap (ASX:NEA) shares nosedived today
Stock Market

Why Nearmap (ASX:NEA) shares nosedived today

Summary Nearmap’s share price fell 23% after a case was filed against its US-based subsidiary. The case has been lodged by US-based firms Eagle View Technologies and Pictometry International. The patent infringement case is related to th...

Horizon Minerals (ASX:HRZ) Revving Up Developments to Monetise High-Grade Gold Deposits
Sponsored

Horizon Minerals (ASX:HRZ) Revving Up Developments to Monetise High-Grade Gold Deposits

Summary Horizon Minerals is making headway towards long-term and high-margin continuous gold production.  A net cash of A$3.6 million from the toll milling campaign at Boorara.  Horizon is advancing exploration at its recently acquir...

Bitcoin Emerging from the Underground: New Innovations to Allow Banks to Deal with Bitcoin Directly
Cryptocurrency

Bitcoin Emerging from the Underground: New Innovations to Allow Banks to Deal with Bitcoin Directly

Summary Banks can now offer customers the ability to purchase, sell and hold Bitcoin after fintech leader FIS partnered with cryptocurrency technology firm NYDIG. The new collaboration would allow banks to provide Bitcoin services within their ...

Inside Qantas Airways’ plan to recover from COVID-19 turbulence
Stock Market

Inside Qantas Airways’ plan to recover from COVID-19 turbulence

The aviation industry has been worst hit by the COVID-19 crisis and Qantas Airways (ASX: QAN) alone has seen AUD 11 billion worth of revenue erosion due to travel restrictions. This is why, as part of its recovery program, Qantas had to take a seriou...

Three ASX gold stocks to mull over in wake of Janet Yellen’s inflation remark
Stock Market

Three ASX gold stocks to mull over in wake of Janet Yellen’s inflation remark

A statement by US Treasury Secretary Janet Yellen on interest rates set a negative tone for the market on Tuesday, with the S&P index falling sharply during the early hours of trade. Ms Yellen said that the interest rate hike might be required...

Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?
World News

Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?

In a big development, Joe Biden, the US President, has supported the waiver of intellectual property rights for COVID-19 vaccines. This would enable the poor countries to manaufacture those vaccines in their territories. While some called it bowing ...

  • May 06, 2021 05:24 PM AEST
  • Manika
FYI Resources (ASX:FYI) inks exclusivity agreement with Alcoa, Shares up
Sponsored

FYI Resources (ASX:FYI) inks exclusivity agreement with Alcoa, Shares up

Summary FYI Resources Limited (ASX:FYI) has recently signed an exclusivity agreement with Alcoa to negotiate towards the potential joint venture for the HPA project. The agreement carries an exclusivity period of 90 days. FYI will continue to ...

Success Story of Imugene Limited (ASX:IMU): Australia’s Newest AUD 1 Billion Company
Sponsored

Success Story of Imugene Limited (ASX:IMU): Australia’s Newest AUD 1 Billion Company

From a market capitalisation of just over AUD 60 million in May 2019 to over AUD 1.1 billion in May 2021, immuno-oncology player Imugene Limited (ASX:IMU) has surely come a long way. That reflects a spectacular gain of over 1800 per cent in market ...

  • May 06, 2021 04:17 PM AEST
  • Damini
Five ASX stocks that made a buzz today
Stock Market

Five ASX stocks that made a buzz today

Summary National Australia Bank announced its 1H FY21 results, registering 3.4% growth in cash ROE. Appen’s share price crashed by a massive 19% to AU$11.97 and the stock struggled to recover during the day. The company has launched its ...

  • May 06, 2021 04:13 PM AEST
  • Aayush
ASX 200 near day’s low on sharp selloff in technology stocks, Nearmap bleeds
Stock Market

ASX 200 near day’s low on sharp selloff in technology stocks, Nearmap bleeds

The benchmark index ASX 200 extended loss by the close, led by sharp selling in technology stocks. The tech stocks dropped, taking weak cues from NASDAQ which fell nearly 2% in the overnight trade. The ASX 200 was trailing by 44 points or 0.63% to t...

Commodity Market at Multi-Year Highs, 10 Hot Stocks to look at
Stock Market

Commodity Market at Multi-Year Highs, 10 Hot Stocks to look at

The commodity market is witnessing a rally, indicating a turnaround from the last year's lows to multi-year highs in 2021. The Bloomberg commodity spot index is currently at its nine-year high level, with the spot index hitting US$470.61 on 5 May ...

Lithium Australia (ASX:LIT) Welcomes BSC’s Battery Recycling Scheme
Sponsored

Lithium Australia (ASX:LIT) Welcomes BSC’s Battery Recycling Scheme

Summary Lithium Australia is focused on creating a circular economy, including the plan to recycle old lithium-ion batteries into new ones.  The Battery Stewardship Council (BSC) has obtained the federal government and industry funding for...

Three ASX-listed retail shares going great guns in 2021
Stock Market

Three ASX-listed retail shares going great guns in 2021

Summary 2020 was a roller coaster ride for the retail sector bringing about significant changes in the space going into 2021. RPM Automotive Group delivered a record Q3 FY2021 and reported 49% growth in gross profit. Murray Cod Australia repor...

Back with a bang after a two-day gap, Japan shares lead APAC rally
World News

Back with a bang after a two-day gap, Japan shares lead APAC rally

Opening after a two-day holiday, the Japanese shares on Thursday surged even as investors kept their eyes peeled for US jobs report due this week to gauge how long the Federal Reserve (Fed) will stay on hold. Japan’s Nikkei 225 was up by 185...

Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
Economy

Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?

Summary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei...

Five ASX penny stocks making positive moves today
Stock Market

Five ASX penny stocks making positive moves today

Summary Hillgrove Resources’ share price has skyrocketed 64.8% today and is currently trading at AU$0.089. Today, Veris’ share has given a breakout from a consolidation phase on the chart. The Red Sky Energy share price is also run...

  • May 06, 2021 02:30 PM AEST
  • Aayush
Blackstone Minerals’ arm files prospectus to raise up to AU$8M via IPO
IPO

Blackstone Minerals’ arm files prospectus to raise up to AU$8M via IPO

Summary Blackstone’s subsidiary, Codrus Minerals, has filed a document with ASIC to raise a maximum of AU$8 million via IPO. Existing Blackstone shareholders will be offered a priority allocation of up to 10 million shares, for which the ...

Krakatoa Resources (ASX:KTA) wraps up maiden drill program at Rand
Sponsored

Krakatoa Resources (ASX:KTA) wraps up maiden drill program at Rand

Copper-gold focused explorer Krakatoa Resources Limited (ASX:KTA) is expediting exploration activities across its project portfolio, especially the Rand Gold Project. The Company has been reporting progress on both fronts - the commencement of expl...

Top 5 ASX gainers of the day
Stock Market

Top 5 ASX gainers of the day

After opening higher on Thursday, the ASX 200 dipped due to losses in banking and technology stocks. The tech stocks dipped after NASDAQ fell nearly 2% in the overnight trade. However, miners rose to their highest in nearly 13 years. The global minin...

  • May 06, 2021 02:02 PM AEST
  • Ashish
Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens
World News

Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens

India has been reeling under the horror of the deadly second wave of the pandemic since last few weeks now. However, this Wednesday saw the country grappling with a new low, weighed down by a gloomy set of statistics on two additional fronts. On 5 ...

Mid-Market: ASX200 retreats from 52-week high, Nearmap down 14%
Stock Market

Mid-Market: ASX200 retreats from 52-week high, Nearmap down 14%

Snapping three session gaining streak, the benchmark index ASX 200 was trading lower by afternoon, retreating from its 52-week high, led by decline in technology and real estate stocks. The index was down 31 points or 0.44% to trade at 7064 amid br...

Avenira (ASX:AEV) with new licences and A$3M loan ends March quarter in high spirits
Sponsored

Avenira (ASX:AEV) with new licences and A$3M loan ends March quarter in high spirits

Junior gold explorer Avenira Limited (ASX:AEV) has shared the activity report for the quarter ended on 31 March 2021. During the reporting period, in February, Avenira received all composite sample results of its maiden Aircore drilling campaign on...

Jeff Bezos sells Amazon shares worth US$2.5 billion in May
World News

Jeff Bezos sells Amazon shares worth US$2.5 billion in May

The world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.49 billion. Source: OpenInsider. Kalkine Graphics According to the filings with the US Securiti...

Australia accelerates renewable energy shift- unveiling latest developments
Stock Market

Australia accelerates renewable energy shift- unveiling latest developments

The Australian power industry is currently burdened to slash its emissions and electricity bills for small businesses and households. It sure is a challenging time for the industry with a lot on its plate- be it the shift to cleaner energy, dropping ...

  • May 06, 2021 12:37 PM AEST
  • Sukriti
ASX 200 today:  Will bank, tech stocks keep Australian shares lower?
Stock Market

ASX 200 today:  Will bank, tech stocks keep Australian shares lower?

The ASX 200 on Thursday opened in the positive territory. On Wednesday, the ASX 200 closed at a new 14-month high. The ASX 200 opened higher 12.10 points or 0.17% to 7,107.90 and set a new 52-week high. However, the index soon dropped nearly 20 po...

  • May 06, 2021 11:47 AM AEST
  • Ashish
Here’s why ASX 200 Listed QBE Insurance is on investors’ radar today 
Stock Market

Here’s why ASX 200 Listed QBE Insurance is on investors’ radar today 

Summary QBE Insurance remained resilient during the challenging times last year. Overall Q1 2021 combined operating ratio was in line with the company expectations. The company expects a better performance due to a better economic outlook. It...

Why are ASX healthcare shares Rhythm Biosciences and Zelira on the rise today?
Stock Market

Why are ASX healthcare shares Rhythm Biosciences and Zelira on the rise today?

Summary Diagnostics company Rhythm Biosciences has confirmed that LRF enhancements have shown to improve ColoSTAT® results. Cannabis medicines developer Zelira Therapeutics has entered into a partnership with Alternative Solutions for HOPE&...

Three ASX tech shares that might rack up decent gains
Stock Market

Three ASX tech shares that might rack up decent gains

Investors have started to gain confidence in the economic recovery, as reflected by the Australian benchmark index. The ASX 200 has climbed to a new 52-week high of 7,112 (as of 5 May 2021). One sector that has consistently outperformed the benchma...

  • May 06, 2021 11:16 AM AEST
  • Aayush
ASX companies gearing up to meet green energy targets
Stock Market

ASX companies gearing up to meet green energy targets

The global energy sector is changing at an extraordinary pace. The way we produce, move, store up, and consume energy is swiftly-and rightly- changing. And now clean energy targets are buzzing the governments and economies. Australia’s take on...

  • May 06, 2021 11:02 AM AEST
  • Sukriti
GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
World News

GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth

Summary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (...

Mader Group’s (ASX:MAD) March Quarter Reflects Revenue Surge in Business Segments
Sponsored

Mader Group’s (ASX:MAD) March Quarter Reflects Revenue Surge in Business Segments

Summary Mader Group’s 90% revenue comes from its Australian operations. Revenue from the North American segment is expected to grow as the Company is all set to enter the Canadian market. The demand for expert services of Mader is growin...

Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
World News

Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule

Summary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke...

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

ASX 200 on Thursday: Top 5 things to watch out for

Australian shares are set for a positive start on Thursday, extending gains to a fourth straight session and drawing close to an all-time high. The Australian equity benchmark ASX 200 is expected to open higher on the back of higher metals prices a...

  • May 06, 2021 09:10 AM AEST
  • Ashish
ASX 200: Will the market continue to trade above its 52-week high?
Stock Market

ASX 200: Will the market continue to trade above its 52-week high?

On Wednesday, the ASX 200 charged higher and marked its new 52-week high of 7,112, breaching its previous resistance of around 7,095. Today, the benchmark index is looking to continue its gains with a higher opening by 0.15% or 10 points. Image ...

  • May 06, 2021 08:37 AM AEST
  • Aayush
Why NAB’s (ASX:NAB) first-half cash profit rose 95%
Stock Market

Why NAB’s (ASX:NAB) first-half cash profit rose 95%

National Australia Bank Ltd (ASX:NAB) on Thursday announced an impressive set of numbers for the first half of 2021, on the back of Australian economy’s better-than-expected recovery from COVID-19 shocks. One of the country’s Big Four b...

  • May 06, 2021 08:31 AM AEST
  • Ashish
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