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Morning Bell 24 March

Bell Direct
March 24, 2020

The futures are suggesting a small bounce of 0.87% or 39 points for the Aussie share market, even as the COVID-19 pandemic continues to spread.

We saw tens of thousands of out-of-work Australians try to claim unemployment benefits, causing lines hundreds of metres long at physical Centrelink locations and for the MyGov website to crash.

ASX-listed medical equipment maker, ResMed (ASX:RMD) have said they are looking to “double or triple” its output of ventilators, and scale up ventilation mask production more than tenfold, as the world scrambles to fight coronavirus. Nick Scali (ASX:NCK) and baby furniture and equipment chain Baby Bunting (ASX:BBN) have reported positive sales momentum to date and a pickup in activity by Chinese suppliers.

On the flipside, jewellery retailer Michael Hill (ASX:MHJ) has decided to postpone its 1.5 cents per share interim dividend for six months. The Aussie dollar buys 57 US cents.

Market Update 19 March

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Morning Bell 18 March

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Morning Bell 17 March

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Market Update 16 March

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Weekly Wrap 13 March

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Morning Bell 12 March

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Morning Bell 11 March

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Morning Bell 10 March

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Weekly Wrap 6 March

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Morning Bell 5 March

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Market Update 4 March

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Morning Bell 3 March

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