ASX falls 0.5pc; locally listed companies reveal SVB exposure

Australian shares fell 0.5 per cent on Monday as an increasing number of locally listed companies reveal they had exposure to Silicon Valley Bank amid its collapse.P/ASX 200 dropped 36 points, or 0.5 per cent, to 7108.8 at the close, setting a new 20-day low. The decline came as US authorities scrambled to cushion the fall-out effects of SVB on the sharemarket with emergency measures.

Tracking software Life360 shares dropped 0.4 per cent to $5.03 per share. Life360 said its exposure to collapsed SVG was expected to be as much as $5.6 million, but it will have no significant disruption to the company’s operations. Nitro Software shares rose 0.5 per cent to $2.19 per share. The company says about $US12.8 million of its global cash reserves are held on deposit at SVB.Pengana International Equities shares plunged 3.7 per cent to 90.5¢ per share. The company confirmed it had exposure to SVB, holding about 2 per cent of its portfolio at the bank.Pengana also noted that the only other investments that PIA has in the US banking sector was a 2 per cent position in First Republic Bank.

Neuren stock has climbed 87 per cent in the past year and last closed on a market cap of $988 million. The company has several other drugs at trial stage for which it will seek regulatory approval if the clinical data permits. Capricorn Metals rallied 15 per cent to $4.36 per share after reporting its half-year results on Friday.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

ASX down 0.6 per cent as banks, tech stocks sinkAustralia’s most valuable banking, tech and consumer stocks dragged the local sharemarket 0.6 per cent lower in the first hours of Monday’s trading as investors digested the implications of Silicon Valley Bank’s collapse.
مصدر: theage - 🏆 8. / 77 اقرأ أكثر »

The ASX company helping to solve electric car ‘range anxiety’Carbon Revolution’s CEO says the lightweight wheels the company makes can extend the range of an EV by as much as 10 per cent before the vehicle needs a recharge.
مصدر: FinancialReview - 🏆 2. / 90 اقرأ أكثر »

The ASX companies exposed to the SVB collapseLife360 and SiteMinder are among the ASX-listed companies that have previously disclosed that they banked with failed venture capital lender Silicon Valley Bank.
مصدر: FinancialReview - 🏆 2. / 90 اقرأ أكثر »