You are watching ‘The Opening Bell’ show on kalkine LIve TV from Sydney. Let us cast an eye over how the market charter is panning out today.
o On Thursday, the Australian market was seen making a new 52-week high as the market continued its uptrend.
o The global equity indices extended their rally and the US Treasury yields inched up higher on Thursday, after strong U.S. economic data and the Federal Reserve's unchanged stance for supporting the economy fuelled confidence among the investors.
• Let us now zoom our lens on the major newsmakers on the Australian share market, driving the market scenario today.
• BNPL player Sezzle announced that it would file a registration statement with the US Securities and Exchange Commission for a proposed IPO in the US. In another update, the company also announced a jump in underlying merchant sales of 214.1% to AU$492.5 million.
• Meanwhile, ANZ said that its first-half cash profit would see a total impact of AU$817 million, or around 5 basis points of CET1 capital, due to number of notable items.
• Then, Australia's leading provider of high quality aged care Japara Healthcare announced that it has received a takeover bid from Little Company of Mary Health Care at a 30% premium to its Thursday closing price.
• Moving on, a 60-day trial of regenerative medicine company Mesoblast’s remestemcel-L drug has shown the treatment reduced mortality in people under the age of 65.
• Then, engineering and construction services provider CIMIC reported a 1.2% fall in revenue to AU$3.39 billion and a 6.9% dip in net profit after tax to AU$100.2 million
• Besides, energy player Origin Energy said that its March quarter integrated gas production fell 4% from the December quarter, to 65.4 pj.
• Moving on, oil and gas explorer and producer Beach Energy (ASX:BPT) has downgraded its 2021 production guidance following decline in production rates within the Bauer field.
• Sports betting player PointsBet reported quarterly revenue rise of 236% to AU$905.2 million, compared to the same period a year ago.