Market updates
Market Update: Performance of Markets on 19th May 2020. A Quick Look
May 19, 2020 09:54 PM AEST| By Team Kalkine MediaAt the close of session on 19th May 2020, the equity market of Australia settled in green. S&P/ASX200 moved up by 1.81% to 5559.5. Most of the sectors on ASX settled in green such as S&P/ASX 200 Industrials (Sector), which closed at 5,519.2 w...
James Hardie declined to provide annual guidance | Market Update
May 19, 2020 08:30 PM AEST| By Team Kalkine MediaBuilding products manufacturer James Hardie has declined to provide an annual guidance but expects margins in its key North America business to stay resilient despite the coronavirus-related disruptions. The company reported a 6.0 per cent increase i...
Market Update: How Australian Markets Performed on May 18, 2020?
May 18, 2020 10:41 PM AEST| By Team Kalkine MediaThe equity market of Australia closed in the green on 18th May 2020 and S&P/ASX200 settled at 5460.5, reflecting an increase of 55.7 points or 1.03%. S&P/ASX 200 Consumer Discretionary (Sector) went up by 1.34% to 2,176.2. S&P/ASX 200 Ene...
Foxtel's "Next Generation Entertainment Streaming Service" to launch next week? | Market Update
May 18, 2020 05:57 PM AEST| By Team Kalkine MediaFoxtel has pegged “the growth engine” of the subscription TV group to a “next-generation entertainment streaming service” — to launch next week. With the streaming platform’s much-mooted name yet to be confirmed, F...
Why Airbus plans to cut jet production? | Market Update
May 16, 2020 09:14 PM AEST| By Team Kalkine MediaPlanemaker Airbus has told senior staff the company must be "resized" in plans to be set out around the end of June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter say. Chief...
Market Update: Understanding the Performance of Markets on 15th May 2020
May 15, 2020 09:21 PM AEST| By Team Kalkine MediaAt the end of the trading session on 15th May 2020, equity market of Australia closed in green. S&P/ASX200 settled at 5404.8, indicating a rise of 76.1 points. S&P/ASX 300 Metals and Mining (Industry) moved up by 145.2 points or 3.74%...
Why Global G Star brand has appointed administrators to Australian Business? | Market Update
May 15, 2020 12:00 PM AEST| By Team Kalkine MediaGlobal fashion brand G-Star has appointed administrators to its Australian business after the COVID-19 restrictions tipped the balance for the company after already poor retail performance. The Dutch-owned retailer has 57 outlets across Australia and...
Market Update: Performance of Markets on 14th May 2020
May 14, 2020 09:43 PM AEST| By Team Kalkine MediaThe equity market of Australia settled in red at the close of session on 14th May 2020. The benchmark index S&P/ASX200 fell by 1.72% to 5328.7. S&P/ASX 200 Consumer Discretionary (Sector) went down by 24 points to 2,137.5. S&P/ASX 200 Ind...
How more than half a million Australians lost their job? | Market Update
May 14, 2020 09:06 PM AEST| By Team Kalkine MediaMore than half a million Australians lost their job in just one month according to the latest official figures. Seasonally adjusted employment fell by 594,300 people between March and April, according to the Australian Bureau of Statistics. That equa...
Market Update: Understanding the Performance of Markets on 13th May 2020
May 13, 2020 09:12 PM AEST| By Team Kalkine MediaAt the end of the trading session on 13th May 2020, the equity market of Australia settled in green. S&P/ASX200 settled at 5421.9 with a rise of 18.9 points or 0.35%. The index has gained 0.69% over the last five days. S&P/ASX 200 Health Care...
Market Update: How S&P/ASX200 Performed on 12th May 2020?
May 12, 2020 08:58 PM AEST| By Team Kalkine MediaThe equity market of Australia closed in red at the close of trading session on May 12, 2020. S&P/ASX200 witnessed a sharp fall of 58.2 points to 5403. S&P/ASX 200 Energy (Sector) moved down by 180.3 points to 7,115.5 and S&P/ASX 300 Meta...
China has suspended imports from four Australian abattoirs? | Market Update
May 12, 2020 12:00 PM AEST| By Team Kalkine MediaRichard Branson has agreed to sell shares worth around AU$765 million in his Virgin Galactic space business to raise funds for his struggling airline and leisure businesses. The businessman, who has previously suggested he would be willing to re-mort...
Market Update: How Australian Markets Performed on May 11, 2020?
May 11, 2020 08:38 PM AEST| By Team Kalkine MediaThe equity market of Australia was in green at the close of session on 11th May 2020. S&P/ASX200 settled at 5461.2, reflecting a rise of 70.1 points or 1.30%. Most of the sectors on ASX closed in green like S&P/ASX 200 Industrials (Sector), w...
Increased Unemployment, and decline in Property prices in Australia? | Market Update
May 11, 2020 07:41 PM AEST| By Team Kalkine MediaInsurance and banking giant Suncorp will take a hit of $133 million on account of the COVID-19 crisis and has revealed incorrect payments to staff will cost it up to $70 million. Suncorp said COVID-19 will have a range of impacts across its businesse...
JC Penney Co Inc is preparing to file for bankruptcy protection as soon as next week | Market Update
May 09, 2020 12:00 PM AEST| By Team Kalkine MediaJC Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major US retailer to succumb to fallout from the coronavirus outbreak,...
Market Update: Performance of Australian Market on 8th May 2020
May 08, 2020 09:00 PM AEST| By Team Kalkine MediaAt the close of trading session on 8th May 2020, equity market of Australia was in green. The S&P/ASX200 ended at 5391.1, indicating a rise of 26.9 points on an intraday basis. S&P/ASX 300 Metals and Mining (Industry) stood at 3,899.1 with a...
Market updates and ASX Telecom reboot
May 07, 2020 08:52 PM AEST| By Team Kalkine MediaVarious telecom operators are taking proactive actions to help the country navigate through this crisis with increased data limits, waiver of late payment fees and new and better plans so as to grapple this pandemic. Lets have a look at the strong pl...
Market Update: Performance of Australian Equity Market on 6th May 2020
May 06, 2020 10:03 PM AEST| By Team Kalkine MediaAt the close of the trading session on 6th May 2020, equity market of Australia ended in red. S&P/ASX200 experienced a decline of 22.5 points to 5384.6. S&P/ASX 200 Financials (Sector) went down by 1.13% and settled at 4,242.1. S&P/ASX 20...
Market Update: Understanding the Performance of Markets on 5th May 2020
May 05, 2020 08:30 PM AEST| By Team Kalkine MediaThe equity market of Australia closed in green at the end of the session on 5th May 2020. The S&P/ASX200 went up by 1.64% to 5407.1, and the index has gained 1.77% over the last five days. Most of the sectors on ASX settled in green such as S&...
Market Update: How Australian Equity Markets Performed on 4th May 2020?
May 04, 2020 10:51 PM AEST| By Team Kalkine MediaAt the close of the trading session on 4th May 2020, the Australian equity market was in green. The benchmark index S&P/ASX200 settled at 5319.8, reflecting a rise of 1.41% or 73.9 points. S&P/ASX 200 Consumer Staples (Sector) went up by 297....
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