Articles On Codan (ASX:CDA)

Stocks retreated ahead of the second interest rate rise of the year as declines in banks, miners and tech stocks outweighed advances in energy and healthcare providers. The S&P/ASX 200 eased 32.5 points or 0.45 per cent in cautious t...

In morning trade, the Appen Ltd (ASX: APX) share price has come under pressure again. At the time of writing, the artificial intelligence data services company’s shares are down 2.5% to $6.24. Why is the Appen share price falling? Investor...

The S&P/ASX 200 Index (ASX: XJO) was well and truly out of form in May. Over the month, the benchmark index fell a disappointing 3% to 7,229 points. Fortunately, some shares were able to defy the selloff and storm higher. Here’s why th...

Highlights The Australian share market opened lower on Tuesday as except miners, all other sectors witnessed profit booking Wall Street was closed on Monday due to a public holiday. Ten of the 11 sectors were trading lower in morning...

The S&P/ASX 200 (ASX: XJO) delivered a strong finish to the week, gaining 1.1% on the back of a strong global lead. The primary driver was a weakening of the rhetoric from US Federal Reserve Chair, Jerome Powell in relation to the cours...

If all the turbulence in share markets is confusing, it’s worth looking at what the professionals have been buying for their own funds. Listed investment company QV Equities Ltd (ASX: QVE) on Thursday held an update for investors in Sydney...

ShareCafeThe Week that Was – May 23-27, 2022 We at ShareCafe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. To make it easier to do so, he...

The share market gave up early gains as Chinese growth worries dragged on the dollar and commodity prices. The S&P/ASX 200 faded to a loss of 49 points or 0.69 per cent. Institutional selling in the closing auction drove the benchmar...

ASX 200 closed 0.53% lower today AI stock Appen jumped 29% on takeover play China’s economics boss sounds warning   Local blue chips lost early gains and finished the day in the red, with the ASX 200 index closing half a percent lower tod...

Miners steered the share market into the red after a growth warning from China’s premier helped push iron ore prices sharply lower. The S&P/ASX 200 flipped a 26-point opening rally into a mid-session loss of 27 points or 0.38 per cen...

While some brokers lower price targets, Codan is set to meet FY22 consensus forecasts. -Codan on track to achieve FY22 consensus estimates-Diversification strategy yields benefits-Softness in metal detection offset by communications segment...

World Overnight SPI Overnight 7172.00 + 19.00 0.27% S&P ASX 200 7148.90 + 3.30 0.05% S&P500 3973.75 + 72.39 1.86% Nasdaq Comp 11535.27 + 180.66 1.59% DJIA 31880.24 + 618.34 1.98% S&P500 VIX 28.48 – 0.95 – 3.23% U...

Codan shares surged after the manufacturer of communications and mining technologies said the second half of the financial year would match its bumper first half result.

ShareCafeCodan Shares Surge on Surprise Upgrade Shares in Codan jumped back to the levels they were at in early February yesterday after it revealed a surprise upgrade for the June 30 year. The company told the ASX that it now expects profi...

ShareCafeFirst Tick for Albo as AAA Credit Rating Confirmed The change of federal government went off without the horses stampeding the ASX yesterday, especially after ratings group S&P Global helped settle things by reaffirming its AAA...

Highlights ASX 200 closed today’s trade merely 3.30 points up at 7,148.90 points. Materials supported gains against the pulldown from financials and utilities. Incitec Pivot, Imugene, and Elders were some newsmakers of the day. St...

ShareCafeEvening Report: 23 May, 2022 by Melissa Darmawan   The Aussie sharemarket lost steam from midday and eked out a gain after hearing that Beijing reported a record number of Covid-19 cases, renewing concerns the capital may face anot...

Aussie markets opened slightly ahead this morning after man of the moment Anthony Norman Albanese was sworn in as the 31st prime minister and posed for a happy ALP family pic, thus ended 10 years of conservative government. Throughout the d...

ASX closes flat Mining and Energy lead, while Health and Financials lag Codan, Elders offer strong guidance The first day of a new government didn’t have much impact on the local stock market, with Aussie blue chips closing the day flat....

The share market gave up most of its early gains as overseas crosswinds overshadowed Saturday’s federal election result. The S&P/ASX 200 gained as much as 50 points in early action before trimming its advance to three points or 0.05...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has given back its morning gains and dropped into the red. At the time of writing, the benchmark index is down 0.1% to 7,138.4 points. Four ASX shares that are not letting that hold...

The share market trimmed strong early gains as record Covid cases in Beijing triggered profit-taking after the market briefly climbed 50 points in the wake of Saturday’s federal election. At the halfway mark, the S&P/ASX 200 was down...

Highlights The Australian equity markets opened on a positive note today. In the initial few minutes of trading, the benchmark index ASX 200 was up 0.27% at 7,164.90 points. Seven of 11 sectors traded higher today, with the Materials...

ShareCafeLunch Report: 23 May, 2022 by Melissa Darmawan   Australian stocks extend their relief-rally, following Anthony Albanese sworn in as Australia’s 31st prime minister. Nationals voted in a new government that has earmarked climate ch...

The ASX200 is up 0.2 per cent at midday, with mining stocks gaining and Codan and Elders posting strong gains on earnings updates.

At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) has started the week on a mildly positive note. The benchmark index is currently up 0.15% to 7,156.8 points. Here’s what is happening on the ASX 200 today: Elders’ half-year results...

23 May 2022 - Codan (ASX:CDA) still expects record FY22 profit despite warning that the timing of project sales or challenges in supply chains could still impact revenues and profi…

The Codan Limited (ASX: CDA) share price has started the week strongly. In morning trade, the metal detector focused technology company’s shares are up 10% to $7.41. Why is the Codan share price rising? The catalyst for the rise in the Cod...

A surge in US futures lifts Australian shares. Iron ore climbs, Incitec fertiliser plan, Star new chair and acting CEO and Elders hikes dividend after profit jump.

ASX 200 gains for third day in a row RBA meeting minutes released, revealing the thought process behind the 25bp hike in May US Fedspeak ahead Sentiment turns bullish Local blue chips made gains for the third consecutive day, with the be...

Miners and energy producers steered the share market to a third straight advance after Chinese progress against Covid outbreaks boosted commodity prices. The S&P/ASX 200 rallied 19.5 points or 0.27 per cent. The Australian benchmark...

Blue chips pare gains after downbeat Chinese economic data Industrial sector jumps after speculation about a takeover attempt of Brambles Bitcoin and the crypto market have stabilised   Asian markets reacted negatively to China’s latest e...

The Zip Co Ltd (ASX: ZIP) share price followed the broader market up this morning before plummeting upon its fumble this afternoon. The buy now, pay later giant’s stock surged 5.55% earlier today, reaching an intraday high of $1.05. Sadly,...

ASX 200 fell below 7,000 before trimming its losses All 11 ASX sectors fell Aussie dollar sinks to a two year low   The ASX 200 briefly dipped below the 7,000 level earlier this morning, hitting a three-month low before bouncing back to c...

The share market shed 100 points after Wall Street’s worst session since 2020 ensured the new month got off to a rocky start. Tech and property stocks spearheaded losses as the S&P/ASX 200 fell 101 points or 1.36 per cent by mid-sess...

Highlights Dividends are paid to shareholders regularly by well-established companies in the form of interim or final dividends. It can be paid out in the form of cash or additional stock. Some tech companies like Ambertech, and CPT G...

Highlights Elon Musk has revealed a 9.2% stake in social media giant Twitter Dividend paying high-growth tech stocks are difficult to find as most of these companies prefer to retain their profits for further expansion. Investors shou...

Many Aussies are feeling the sting of inflation through the increased cost of living. So, it may not be a surprise that ASX dividend shares have come back into the spotlight as investors attempt to add to their income. Unlike the US marke...

Aussie unemployment rate is at 4%, lowest in 14 years ASX up 1% for the second consecutive day Tech index is up 3% for the second consecutive day   Local shares were up 1%, driven by the rally on Wall Street overnight and a jobless rate t...

After a sustained period of selling, ASX tech shares are beginning to give their tested shareholders some hope. This follows a flood of green across technology stocks on Wall Street last night, leading to the biggest percentage gain in a...

Monday proved to be a rough day for many listed companies, with the S&P/ASX 200 Index (ASX: XJO) sliding 1.17%. Unfortunately, the downturn sent some stocks crashing to the lowest they’d been in at least a year. Here are 5 ASX 200 sh...

Russia’s invasion of Ukraine has drawn condemnation from much of the world, but the fighting could present defence companies with opportunities to showcase their ability to provide much-needed support. One such company is ~$73 million defen...

Ongoing clashes in the Ukraine and the West’s response to Russia continue to drive market sentiment. After a big rally in the US on Friday where we saw S&P 500 rising by 2%, Australian shares closed by 0.44% higher today. Investors are...

Local stocks performed admirably on Friday considering a trans-national conflict is in full swing, but the big end of town was outperformed by small caps as the ASX 200 closed flat. Across the large cap sectors, there were still a lot of in...

The share market closed out its worst week since 2020 with a modest rebound as fighting in Ukraine and weak US futures capped risk appetite. An early relief rally mostly petered out as investors awaited evidence the worst of the Ukraine...

A massive overnight reversal on Wall Street and a strong trading update from Afterpay’s US parent company helped the share market pare its losses for the week. The S&P/ASX 200 rallied 16 points or 0.23 per cent as bargain-hunters too...

The share market tumbled 3 per cent to its heaviest loss of the year after Russian troops attacked Ukraine. Oil and gold spiked after explosions were reported in major Ukrainian cities, including the capital, Kiev. Dow futures slumped 62...

The share market slumped 2.5 per cent towards its second-heaviest loss of the year after the Dow closed on the edge of a correction overnight. The S&P/ASX 200 dived 182 points or 2.52 per cent by mid-session. A final loss on that sca...

Local shares swung into positive territory following news that French President Macron had brokered a last ditch deal for Putin and Biden to meet on the Ukraine issue. At around 12.15pm AEDT, French media reported that Putin and Biden will...

An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities. In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Au...