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Market updates
Market Update: S&P/ASX200 Ended the Session in Green: A Brief Look
June 01, 2020 11:52 PM AEST| By Team Kalkine MediaOn June 1, 2020, S&P/ASX200 closed at 5819.2 which reflects a rise of 63.5 points or 1.10% and, on the same day, All Ordinaries witnessed an increase of 1.13% or 66.2 points to 5938.4. Let us now quickly have a look at the performance of individu...
Paypal Sign-Ups Trippled in Australia | ASX Market Updates
June 01, 2020 07:00 PM AEST| By Team Kalkine MediaSignups to PayPal Australia have almost tripled during the COVID-19 pandemic as Australians flock to online shopping, the payments giant says. PayPal said that in April it processed its highest number of transactions and the largest total value of pa...
OPTUS FY20 Profit falls 39% | ASX Market Update
May 30, 2020 05:52 PM AEST| By Team Kalkine MediaOptus says the full-year net profit delivered to its Singaporean parent company Singtel dropped 39 percent to $402 million as more customers opted for SIM-only phone plans and data price competition intensified. Revenue for the 12 months to March 31...
Market Update: Performance of Markets on 29th May 2020
May 29, 2020 09:08 PM AEST| By Team Kalkine MediaThe Australian equity market settled in green at the close of the trading session on 29th May 2020. S&P/ASX200 ended the trading session at 5755.7 with a decline of 95.4 points. Most of the sectors on ASX closed in red such as S&P/ASX 200 Con...
Westpac's Lyn Cobley retires after 30 years | ASX Market Update
May 29, 2020 09:07 PM AEST| By Team Kalkine MediaWestpac head of institutional banking Lyn Cobley is retiring after more than 30 years in banking. She is the third senior executive to leave the bank this month following the departure of consumer division head David Lindberg and chief technology off...
Market Update: Understanding the Performance of Australian Markets
May 28, 2020 10:10 PM AEST| By Team Kalkine MediaS&P/ASX200 ended the session in green on May 28, 2020 as the index witnessed a rise of 1.32% or 76.1 points to 5851.1 and All Ordinaries rose by 1.24% to 5957.8. We will now have a look at the performance of stocks. On May 28, 2020, Nearmap Ltd...
How coronavirus impacted Hotel Occupancy in Australia? | ASX Market Update
May 28, 2020 08:16 PM AEST| By Team Kalkine MediaHotel occupancy rates are forecast to be slashed in half this year as the crippled tourism industry reels from coronavirus. Tourism Accommodation Australia expects occupancies to sit at 40 per cent, down from pre-pandemic levels of about 78 per cent....
Market Update: How Australian Markets Have Performed on May 27, 2020?
May 27, 2020 07:01 PM AEST| By Team Kalkine MediaIt can be said that the Australian equity markets are sensitive to the performance of the global markets. If global growth is questioned, the markets in Australia might witness some negative impacts. On May 27, 2020, S&P/ASX200 ended the session...
Southern Cross (ASX: SXL) which traded at AUD 0.235, UP by 27.027 % | ASX Market Update
May 27, 2020 12:00 PM AEST| By Team Kalkine MediaAmid escalating tension between the US and China and uncertain environment due to the ongoing pandemic crisis, it seems the Australian share market is reflecting the tense environment. The US wants China to take responsibility for not being able to c...
Market Update: How Australian Market Performed on May 26, 2020?
May 26, 2020 11:51 PM AEST| By Team Kalkine MediaS&P/ASX200 ended the session in green as the index witnessed a rise of 2.93% to 5780 and, on the same day, All Ordinaries rose by 2.79% or 160 points to 5889.9. Notably, S&P/ASX 200 Energy (Sector) rose by 2.83%. Let us now quickly have a lo...
Piaggio won a legal case against a Chinese copycat design | ASX Market Update
May 26, 2020 07:43 PM AEST| By Team Kalkine MediaAPN Convenience Retail has paid $10.2 million for two Coles Express petrol stations in regional Australia. The sites in Gatton in Queensland and Inverell in NSW will join the listed REIT's properties. The properties are leased to Coles and were built...
Market Update: How Markets Performed on 25th May 2020?
May 25, 2020 08:45 PM AEST| By Team Kalkine MediaThe equity market of Australia ended in green on 25th May 2020, and S&P/ASX200 moved up by 118.6 points or 2.16% to 5615.6. S&P/ASX 200 Consumer Discretionary (Sector) went up by 2.61% to 2,276.5. S&P/ASX 200 Information Technology (Secto...
Australia's exports and imports both pared down in April | ASX Market Update
May 25, 2020 12:00 PM AEST| By Team Kalkine MediaInsurance giant QBE says its exposure to business interruption insurance claims by UK customers will be limited to $US75 million ($A115 million) because of reinsurance. QBE said it usually provides business interruption insurance as part of a broader...
Car Rental Giant filed for Bankruptcy | ASX Market Update
May 23, 2020 09:04 PM AEST| By Team Kalkine MediaFacebook employees will have the option to permanently work from home but can expect a pay cut if they move to less expensive areas to continue the job. Facebook CEO Mark Zuckerberg announced via livestream that he expects about 50 per cent of the co...
Market Update: Performance of Markets on 22 May 2020
May 22, 2020 08:00 PM AEST| By Team Kalkine MediaAt the close of the trading session on 22 May 2020, equity market of Australia closed in red. S&P/ASX200 ended at 5497, reflecting a decline of 53.4 points. Most of the sectors on ASX closed in red such as S&P/ASX 200 Health Care (Sector), wh...
Company Wesfarmers announced up to 167 stores to disappear | ASX Market Update
May 22, 2020 07:44 PM AEST| By Team Kalkine MediaAustralian Target fans are in mourning today after parent company Wesfarmers announced up to 167 stores could disappear forever over the next year. Under the drastic plan, up to 75 Target stores will be closed down while 92 will be converted into Kma...
Market Update: Performance of Markets on 21st May 2020
May 21, 2020 08:00 PM AEST| By Team Kalkine MediaOn 21st May 2020, the equity market of Australia ended in red, and S&P/ASX200 settled at 5550.4, reflecting a fall of 22.6 points. S&P/ASX 300 Metals and Mining (Industry) went down by 0.64% to 4,333.6. S&P/ASX 200 Utilities (Sector) ende...
Afterpay has signed up 1 million ACTIVE US Customers | Market Update
May 21, 2020 05:00 AM AEST| By Team Kalkine MediaAfterpay says it has signed up 1 million active customers in the US over the past 10 weeks as consumers went online to shop during the coronavirus shutdown, and now has 5 million active customers in the world's largest economy. The buy now, pay later...
Market Update: Understanding the Performance of Markets on 20th May 2020
May 20, 2020 09:07 PM AEST| By Team Kalkine MediaThe equity market of Australia ended in green on 20th May 2020 and the benchmark index S&P/ASX200 stood at 5573 with a rise of 13.5 points or 0.24% on an intraday basis. S&P/ASX 200 Consumer Discretionary (Sector) went up by 19.4 points to 2,...
Facebook launching 'Shops' on its social Media Platform | Market Update
May 20, 2020 07:55 PM AEST| By Team Kalkine MediaAustralian Agricultural Company (AA Co) has shrugged off a recent ban by China on beef imports from some of its plants, saying it is working with government and industry to respond to the implications. Australia's largest beef producer says its globa...
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