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Market updates
NIB Holdings CEO Mark Fitzgibbon to Step Down After 20 Years of Leadership
September 12, 2024 12:21 PM AEST| By Team Kalkine MediaNIB Holdings Ltd (ASX:NHF), one of Australia’s leading health insurers, announced a significant leadership transition as Mark Fitzgibbon, its long-standing Chief Executive Officer (CEO), will step down in November after more than two decades at the h...
Crescent Capital Sells Entire Stake in Australian Clinical Labs
September 12, 2024 12:16 PM AEST| By Team Kalkine MediaFund manager Crescent Capital has announced its complete exit from Australian Clinical Labs (ASX: ACL), marking a significant shift in its investment strategy. Crescent Capital has divested its 30.12 percent stake in ACL through a block trade, effect...
Brickworks Faces $123.5 Million Charge Amid Market Slowdown
September 12, 2024 12:15 PM AEST| By Team Kalkine MediaBrickworks Ltd (ASX:BKW), a prominent player in the global building products industry, is preparing to report a $123.5 million hit to its fiscal 2024 results. This significant charge reflects the current challenges the company faces due to a downturn...
Origin Energy Revamps Eraring Power Station for Its Final Years
September 12, 2024 12:13 PM AEST| By Team Kalkine MediaOrigin Energy (ASX: ORG) has undertaken a significant $80 million maintenance overhaul at its Eraring coal power station, a move designed to enhance the facility's operational flexibility as it approaches its final years of operation. Situated on the...
Uranium Stocks Surge Following Putin's Export Threat
September 12, 2024 12:12 PM AEST| By Team Kalkine MediaShares of uranium mining companies experienced a significant boost, positioning them for one of their strongest trading days of the year. This surge was triggered by Russian President Vladimir Putin's recent comments about potentially restricting ura...
Australian Share Market Update: ASX Gains Amid Sectoral Shifts; BHP, Nine Entertainment See Declines
September 12, 2024 12:11 PM AEST| By Team Kalkine MediaIn a notable rebound, the Australian share market demonstrated resilience as it saw broad gains following a rally on Wall Street. The benchmark S&P/ASX 200 index advanced by 0.6 percent, or 44.30 points, to reach 8032.20. This brings it within striki...
ASX 200 Expected to Rise, Driven by US Market Recovery and Commodity Gains
September 12, 2024 09:49 AM AEST| By Team Kalkine MediaHighlights:,ASX 200 futures,indicate,a positive opening with a rise of 50 points, driven by a strong overnight performance in US markets and an uptick in commodity prices.,The US core CPI came in hotter-than-expected, yet markets rebounded sharply, l...
Closing Bell: ASX Dips, But Lithium Stocks Surge on China News; MinRes Jumps 17%
September 11, 2024 08:06 PM AEST| By Team Kalkine MediaThe ASX slipped 0.3% on Wednesday, dragged down by banking stocks. In contrast, the mining sector received a boost from lithium stocks, following reports that Chinese EV battery maker CATL may have suspended operations at two lepidolite mines. This p...
ASX Moves Lower Amid Banking Sector Decline, Mineral Resources and Lithium Stocks Surge
September 11, 2024 12:07 PM AEST| By Team Kalkine MediaAustralian shares are experiencing a downward trend near midday, primarily due to declines in banking stocks that are overshadowing gains in mining and lithium sectors. The S&P/ASX 200 Index (ASX: XJO) is down 0.3% to 7982 points, reflecting a broade...
ASX Slips as Lithium Stocks Rally; NextDC Slides After Capital Raise
September 11, 2024 11:38 AM AEST| By Team Kalkine MediaAustralian shares have shown a slight decline at the start of trading today, as losses in the banking sector outweigh gains in mining stocks.,The S&P/ASX 200 Index (ASX: XJO) is flat at 8010 points. This comes after a positive performance in the U.S....
ASX 200 Set for Modest Gains as Markets Eye US CPI Data, Oil Prices Hit Two-Year Low
September 11, 2024 10:01 AM AEST| By Team Kalkine MediaThe ASX 200 is poised for a slight increase, with futures trading 8 points higher (0.10%) as of 8:30 AM AEST. Investors are cautiously anticipating the release of the US Consumer Price Index (CPI) report, which is expected to offer critical insights...
Hang Seng and ASX 200 Rise Following Positive US Equity Markets
September 10, 2024 06:04 PM AEST| By Team Kalkine MediaUS equities experienced a rally, setting a positive tone for the Asian session with significant gains across major indexes.,China’s slowing trade data and soft inflation figures highlight economic challenges, raising questions about potential future...
ASX Rebounds as Commonwealth Bank and Macquarie Hit Record Highs
September 10, 2024 04:35 PM AEST| By Team Kalkine MediaOn Tuesday, the Australian sharemarket made a notable recovery from last week’s declines, with the benchmark S&P/ASX 200 Index rising by 0.3%, or 23.8 points, to 8,011.9. This positive shift was driven by impressive performances in the financial and...
ASX Gains as Financials Shine; Life360 Faces Sharp Decline
September 10, 2024 04:26 PM AEST| By Team Kalkine MediaThe Australian sharemarket showed positive movement in early afternoon trading on Tuesday, recovering from last week’s downturn. The benchmark S&P/ASX 200 Index rose by 0.6%, or 43.9 points, to reach 8,032, driven higher by gains in the financial and...
ASX 200 Surges: CBA and Macquarie Break Records, Apple Unveils AI iPhone, Star Entertainment Under Scrutiny
September 10, 2024 12:38 PM AEST| By Team Kalkine MediaASX 200 Index Hits New Highs,The ASX 200 index has experienced a notable surge, climbing by 0.8% to reach 8053.10 points as of 11:30 AM AEST. This significant increase reflects robust gains in the banking sector, highlighting a strong performance acr...
The BHP Group Ltd (ASX:BHP) and Xero Ltd (ASX:XRO) Share Prices to Watch Closely
September 10, 2024 12:37 PM AEST| By Team Kalkine MediaThe BHP Group Ltd share price has experienced a significant drop of 23.3% since the beginning of 2024. Meanwhile, Xero Ltd is just 2.4% shy of its 52-week high. Understanding these movements can offer valuable insights for those considering these sha...
ASX Rebounds with Strong Gains Led by Miners and Banks
September 10, 2024 12:09 PM AEST| By Team Kalkine MediaAustralian shares showed a notable rebound at the start of trading on Tuesday, tracking a rally from Wall Street and recovering from last week’s sell-off. The benchmark S&P/ASX 200 Index climbed 0.6% or 44.4 points to reach 8,032.5, driven primarily...
ASX 200 Set to Recover Amid Wall St Rebound from 2024's Toughest Week
September 10, 2024 09:51 AM AEST| By Team Kalkine MediaAs of 8:30 am AEST, ASX 200 futures were up 78 points, a 0.97% increase, indicating a potential market recovery. This rise follows significant rebounds in major US benchmarks, recovering from the worst week of 2024. Market uncertainty lingers over th...
Three Key Factors This Week: Consumer Confidence, Global Inflation, AI Acquisitions
September 09, 2024 04:06 PM AEST| By Team Kalkine MediaJosh Gilbert, market analyst at eToro, outlines three key developments to monitor in Australia for the upcoming week:,Australian Consumer Confidence,In August, Westpac Consumer Sentiment saw a notable increase of 2.8%, surpassing market expectations...
ASX Drops Amidst Corporate Changes and Market Concerns
September 09, 2024 02:20 PM AEST| By Team Kalkine MediaAustralia’s sharemarket has started the week on a downbeat note, with the S&P/ASX 200 Index (ASX: XJO) trading 53 points, or 0.7%, lower at 7,957 points around midday. This follows a challenging open where the index initially fell by as much as 1.1%....
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