News from the industrials side of the market yesterday with shades-maker Gale Pacific (ASX:GAP) and discount retailer Best and Less (ASX:BST) each disappointing the market.………… Gale Pacific (ASX:GAP) – a maker of blinds, shades and outdoor protection products – has been hit by a combination of the lingering end of La Nina, weakening consumer demand, […]
Market Morsels: GAP, BST Read More »
According to the Australian Bureau of Statistics, the economy experienced a loss of 4,300 jobs in the previous month, which was contrary to economists’ predictions of gaining 25,000 positions. Moreover, the jobless rate unexpectedly increased to 3.7 per cent, failing to meet the forecast of remaining steady at 3.5 per cent. Additionally, the participation rate
ASX up 0.59% as economy experiences loss of jobs Read More »
At the closing bell, the S&P/ASX 200 was 0.52 per cent higher at 7,236.80. Nufarm (ASX:NUF) rallied 14.2 per cent to $6.05 after announcing a 7 per cent increase in its half-year underlying net profit after tax. Xero (ASX:XRO) jumped 8.9 per cent to $102.49 after reporting a 28 per cent growth in revenue to
High iron ore prices boosts ASX bellwethers: ASX closes 0.52% higher Read More »
