Well Fought Battle
The window-dressers gave it a red hot go, pushing the ASX200 up almost 70 points from the open yesterday, following a flat night on Wall Street, but it was the profit-takers who were just too strong in the second half.
Somewhere behind the scenes was consideration of the latest covid developments.
On a case-count progression of 18,19, 22 in the past three days in Sydney, we can conclude cases are growing incrementally and not exponentially, which can only be good news on the delta variant front. But elsewhere, new cases are popping up about the place, and now even The Alice is in lockdown.
Asian Stocks Drop On Virus Variant Worries
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EXECUTIVE CHANGES: AB Dynamics founder retires; Resolute hires CFO
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ASX rallies into EOFY; Telstra at 52-week high on capital return
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Duxton Broadacre to pay first dividend
Vesna Poljak
Duxton Broadacre Farms will pay its first dividend since listing in February 2018, declaring a return of 6.2¢ a share, unfranked, to be paid on July 30 after what it described as âthree of the harshest drought years on recordâ. The board will consider the payment of a further dividend in December, which will depend on the outlook of the 2021-22 winter crop.
18 mins ago â 1.29PM
Used car prices trigger 13pc Eclipx EPS upgrade
Vesna Poljak
Hot used car prices have invited an earnings upgrade for Eclipx from broker Macquarie because of the money it will earn on the sale of end-of-lease vehicles into the secondary market.