ASX 200 shares hit all-time high! How did we get here?
Sebastian Bowen | May 11, 2021 1:24pm |
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Well, it’s finally happened. The
S&P/ASX 200 Index (ASX: XJO) has crossed the Rubicon. The indexes’ all-time high that has stood for almost a year and a half – 7,162 points – has been broken.
This morning, the ASSX 200 crossed that mark for the first time since the onset of the coronavirus pandemic. Shortly after the bell sounded, ASX 200 shares climbed above 7,162 points and reached as high as 7,172 points.
It didn’t last long though. The ASX 200 is now down more than 1% and has retreated to a level of 7,093 at the time of writing. But, the Rio Grande has been crossed as it were – there’s no going back.
Why the Bubs (ASX:BUB) share price is down 5% to a multi-year low
James Mickleboro | May 10, 2021 10:09am |
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Bubs Australia Ltd(ASX: BUB) share price is sinking on Monday morning.
In early trade, the infant formula company’s shares are down 5% to a multi-year low of 35.5 cents.
This latest decline means the Bubs share price is now down 40% year to date.
Why is the Bubs share price sinking?
Investors have been heading to the exits this morning following the release of an update from one of its larger rivals.
Earlier today,
A2 Milk Company Ltd(ASX: A2M)downgraded its FY 2021 guidance for the umpteenth time due largely to weakness in the daigou channel and significant inventory issues.
UBS reveals that its analysts have retained their
sell rating and $2.65 price target on this shopping centre operator’s shares. While the broker felt that the company’s quarterly update was decent given the tough trading conditions it is facing, it was still disappointed with its cash collections. Particularly given that it suspects Scentre is collecting rent that was already recognised in 2020. In light of this, it feels its gross rental collections are actually running 8% below its forecasts. The Scentre share price ended the week at $2.74.
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A2 Milk (ASX:A2M) share price falls as China suspends dialogue
A2 Milk (ASX:A2M) share price falls as China suspends dialogue
The A2 Milk (ASX: A2M) share price has taken a hit in the market after China suspended all talks with Australia. Let’s take a look.
Marc is a Master of Journalism and Communications student at UNSW and journalist at The Motley Fool. He has a passion for journalism and news with a keen interest in business, the media, politics, foreign affairs, and how they intersect in everyday life.
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