Australia…One Hour In…ASX up 85 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 85 points (1.3%) to 6692.

Market tracking better on prospects for more US stimulus after the Democrats won control of the Senate.  Disturbingly,  the focus this morning has been on the anarchy happening in Washington……………..and the cricket in Sydney.

 

  • BlueScope (+3.8%);  have you seen the chart ?!!
  • Imugene (+5%); announced completion of the Phase 2 trial of its B-cell activating immunotherapy in metastatic gastric/GEJ cancer.
  • Mayne Pharma (+3.5%); announced the commercial launch of MICROGESTIN® 24 FE tablets  for the prevention of pregnancy.
  • Nutritional Growth Solutions (+4%); announced launch of flagship store on Alibaba group’s Tmall Global online platform to sell its Healthy Height products to Chinese consumers.
  • Oil Search (+5.5%); several broker upgrades this morning.   Rising Oil price also helps.

 

How much sugar is in your favourite ice cream?

  • Magnum                  6 teaspoons
  • Weis                         5 teaspoons
  • Drumstick                5 teaspoons
  • Calippo                     5 teaspoons
  • Golden Gaytime     4 teaspoons
  • Bubble O’Bill           4 teaspoons
  • Cornetto                  4 teaspoons
  • Pine Lime Splice     3 teaspoons
  • Icy Pole                    3 teaspoons
  • Paddle Pop              2 teaspoons

Source; twitter, so it must be true.

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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