New Resistance
I had queried the futures being down -26 points yesterday morning, given Wall Street selling was all about Big Tech, and sure enough after a brief drop the ASX200 surged through the 7100 mark late morning.
There followed a very long pause for thought, followed by some late selling to ensure the index closed safely just under 7100. Bit scary up there near all-time highs. Maybe a new assault will need to be planned.
All the action was in healthcare (+1.0%), materials (+0.8%) and the banks (+0.6%). Offset was provided by technology (-1.1%), which was simply following the Nasdaq.
It was a busy day in bank land. ANZ Bank ((ANZ)) reported results that would be exceptional, in both earnings and dividend terms, if it were not cycling the original lockdown a year ago and a regulatory suspension/slashing of dividends. The market clearly expected more, hence ANZ shares fell -3.2%.
Corporate watchdog ASIC to release new board advice on short selling attacks
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The corporate watchdog is poised to recommend that boards adequately respond to short-selling attacks amid a global push to develop consistent rules around the practise and weed out ambush tactics used against some listed companies.
In an information paper set to be released imminently, the Australian Securities and Investment Commission is expected to tell listed company directors they should respond to short selling attacks in detail, and not merely dismiss them as false or attempts at market manipulation.
Which ASX shares with ethical values are seeing returns in 2021?
Brooke Cooper | March 17, 2021 4:09pm |
More on: Image source: Getty Images
Ethical investing, also known as sustainable or Environmental, Social and Governance (ESG) investing is having a moment. It is an approach to investing that focuses on investing in companies making positive impacts.
If you’re concerned about the environment or social inequality, you might be interested in investing in ethical Australian companies that share these concerns.
For those who want to invest responsibly but wonder whether investing ethically will lessen profitability, we’ve rounded up a few ethically minded companies performing well on the ASX.
Oh no you don’t
The local market was already set for a positive day from the morning’s open yesterday. Aside from last Friday’s action very much reflecting end of month squaring, over the weekend the US House had passed Biden’s US$1.9trn stimulus package and the FDA had approved Johnson & Johnson’s vaccine.
While coming in a late third in the US, J&J’s vaccine is being hailed as a game-changer, given it is one-dose only and can be stored in a fridge. The rollout begins this week.
Back locally, in came the day’s economic data.