Page 19 - Link Administration News Today

Lacklustre debut for PEXA’s $3b IPO after operational glitch We’re sorry, this service is currently unavailable. Please try again later. Dismiss 11.04am Normal text size Advertisement It was the biggest initial public offering since 2018, but PEXA made a lacklustre debut on the ASX with its high listing price blamed as much as an embarrassing operational glitch on the eve of its float. The online property conveyancer’s shares opened at $16.68 on Thursday morning, more than 2 per cent belo...

ASX falls; ex-div property stocks tank Save Share UBS increases Afterpay price target Alex Gluyas UBS’ historically bearish view on Afterpay has been lifted slightly, with the broker increasing its price target on the buy now, pay later giant after its launch of one-time cards which the broker said evolves its revenue model. “The launch of one-time use cards that can be used at non-integrated merchants such as Amazon, significantly increases Afterpay’s total addressable market,” UBS ana...

The US was closed last night for Memorial Day and the UK for a bank holiday, following profit-taking in the Australian market yesterday. (Available for non-subscribers after 10am)

* Nuix worst performer in the benchmark index * Gold stocks gain on higher bullion prices (Updates to close) May 31 (Reuters) - Australian shares retreated on Monday after hitting a record high earlier in the session, as COVID-19 cases in the populous state of Victoria continued to swell while investors awaited signs of hawkishness in the central bank meeting due this week. The S&P/ASX 200 index, which crossed the 7,200 mark for the first time ever, closed 0.3% lower at 7,161.6. The index secur...

Read more about Australia Market falls from 3-month high on Business Standard. However, market losses capped as many investors opted for a wait-and-see attitude due to Memorial Day market closure in the United States and on caution ahead of the RBAs monthly policy announcement on Tuesday and the GDP data due Wednesday for

PEXA’s largest investor, Link Administration, is mulling the future of the platform as the clock ticks on responding to a shock $3.1 billion bid from private equity giant KKR and Domain.

By Reuters Staff 2 Min Read May 28 (Reuters) - Australian shares climbed on Friday, in line with global markets as strong U.S. economic data solidified hopes of continuing recovery, with blue-chip miners leading the charge as iron ore rebounded. The S&P/ASX 200 index rose 1% to 7,163.7 points by 0025 GMT, eyeing its best weekly finish in eight. The benchmark closed flat on Thursday. Japan’s Nikkei opened up 1.6% at 29017.82, and the S&P 500 E-minis futures firmed 17.5 points, or 0.4%. Wall St...

Asian Shares Mixed After Yellens Comments CANBERA (dpa-AFX) - Asian stocks ended Fridays session on a mixed note as investors digested upbeat U.S. data and reacted to reports that the worlds largest economy will reveal a budget that would increase federal spending to $6 trillion in the coming fiscal year. The dollar firmed up and Treasury yields ticked higher after U.S. Treasury Secretary Janet Yellen said above-normal inflation is likely to persist through the end of the year before fading. C...

by Tyler Durden Friday, May 28, 2021 - 07:56 AM S&P futures rose on Friday after solid economic data and Joe Biden’s leaked $6 trillion federal budget plans spurred a Wall Street rally in cyclical shares ahead of a closely watched inflation report offsetting recent worries about a spike in prices put the S&P 500 on course for its smallest monthly gain since February. At 7:15 a.m. ET, Dow e-minis were up 177 points, or 0.5%, S&P 500 e-minis were up 16 points, or 0.38%, and Nasdaq 100 e-minis w...

Read more about Australia Market advances to 3-month high on Business Standard. At closing bell, the benchmark S&P/ASX200 was up 84.63 points, or 1.19%, up at 7,179.51, a highest level since 20 Feb 2021. The broader All Ordinaries added 79.98 points, or 1.09%, to 7,423.97.