The ASX 200 (ASX: XJO) is currently up 0.7% this morning after initially falling in early trading.
Protests across the US about another police killing have dominated the headlines over the past couple of days. On the ASX investors are unsure what to make of the ongoing developments with the pandemic, protests and disagreements with China.
Pro Medicus (ASX: PME) wins another contract
ASX 200 healthcare business Pro Medicus has announced a $22 million, 5-year contract with Northwestern Memorial Healthcare. This is a Chicago based organisation.
The five year deal is transaction based with committed minimums. The setup will be using the Visage 7 product which will be deployed across all of Northwestern’s radiology departments. Once completed, Northwestern will have a single, enterprise-wide implementation of Visage.
ASX 200 property business Vicinity (ASX: VCX) has announced it is going to do a $1.2 billion fully underwritten institutional placement and a $200 million share purchase plan.
As part of the update Vicinity has withdrawn its earnings guidance and it’s not going to pay a distribution for six months ending 30 June 2020.
Preliminary draft valuations as at 29 May 2020 indicate a reduction in total asset value of between 11% to 13%.
According to the Australian Financial Review, ASX 200 financial business Iress (ASX: IRE) has agreed to acquire OneVue (ASX: OVH) for $107 million, which equates to $0.40 per share. Iress is looking to raise $150 million from institutional investors at $10.42 per share, which is a 7% discount to the last closing price.
Property market downturn
CoreLogic Home Value Index results for May showed that five of the eight capital city regions dropped in value.
In May 2020, Sydney house prices fell 0.4% and Melbourne house prices fell 0.9%. Looking at the other cities, Brisbane house prices dropped 0.1%, Perth prices declined 0.6% and Darwin prices went down 1.6%.
On the positive side of things, Adelaide prices rose 0.4%, Hobart prices went up 0.8% and Canberra prices increased 0.5%.