The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 0.06% on Monday.
Australian Dollar ($A) (AUDUSD): 71.71US cents
Dow Jones (DJI): down 0.10%
Oil (WTI): $US63.55 per barrel
Gold: $US1,288 per ounce
ASX Sharemarket News
In ASX sharemarket news, WiseTech Global Ltd (ASX: WTC) yesterday announced after the market had closed how much it raised from its share purchase plan (SPP).
The global logistics software business ended up raising $35.9 million at $20.90 per share, which was an increase on the expected $30 million. There was no scale back of any application.
So far during 2019 WiseTech has raised $335.9 million, which includes $300 million from institutional investors.
WiseTech CEO Richard White said: “We will put these funds to good use in the continued discipline execution of our growth strategy – increasing our capacity to accelerate our long-term organic growth, through relentless innovation and the acquisition of strategically valuable assets in important new geographies and key adjacencies.”
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Auckland International Airport Limited (ASX: AIA) has released its monthly traffic for February 2019.
Total passengers grew by 2% to 1.749 million, even though international passengers for flat for the month. Domestic passengers grew by 4.2% to 802,291.
The timing of the Chinese New Year saw Chinese passengers decline 29.1% compared to last year. Australian, British, American, Japanese and Canadian passengers were all lower. However, German and South Korean passengers were higher.
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The Australian Financial Review is reporting that Zip Co Ltd (ASX: Z1P) was a potential takeover target by Latitude Finance before its strong price rise recently.
The buy now, pay later sector is proving very exciting for investors to try to make some money. The Zip share price rose another 12.5% yesterday.
After searching through a market with over 2,000 shares, our lead expert investment analyst has narrowed it down to just 2 of his favourite rapid-growth shares in a FREE report to Rask Media readers.
Over the past five years, these two shares have gone from being 'tiny caps' to being serious contenders for the ASX 200.
Idea #1 is taking on the world, starting with the huge USA market. In a just a few short years the company has snatched market share away from rivals and is on its way to being the market leader.
Idea #2 uses a 'printer and cartridge' type model to get large and established customers: a) using their healthcare industry-leading product, b) paying for it again and again and again... so it's little wonder this company is tipped to grow at a rapid pace in 2019.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.