Markets Live: Earnings flood can't budge ASX
![Another big day in earnings season kicked off with a dividend surprise by Qantas.](/web/20160826204450im_/http://www.theage.com.au/content/dam/images/g/h/m/x/o/0/image.related.landscape.120x80.gqzkfb.png/1472020622330.jpg)
Wesfarmers and Blackmores are sold off, while Qantas soars following earnings reports, as the overall market edges higher.
Wesfarmers and Blackmores are sold off, while Qantas soars following earnings reports, as the overall market edges higher.
Oil prices were largely unchanged on Friday in a volatile session.
Zinc hit its highest in 15 months on Friday as bearish speculators scrambled to close out positions.
Federal Reserve chair Janet Yellen said the case to raise interest rates is getting ever stronger.
The world's top performing hedge fund is shorting companies that are juicing their valuations by promising investors big dividends.
The Australian sharemarket ended the week stagnant despite wild swings in the share prices of many reporting companies.
The sharemarket closes lower, reflecting nervousness ahead of a key speech by US central bank chief Janet Yellen.
ETF offerings have come along way since the first ETF fund was launched in Australia 15 years ago.
Wesfarmers and Blackmores are sold off, while Qantas soars following earnings reports, as the overall market edges higher.
The iron ore market is about to swoon, according to Westpac, which forecasts benchmark prices may sink below last year's nadir of $US38.30 a metric ton.
Local sharemarket set for another flat open as global markets had a quiet night, with investors waiting on Janet Yellen's speech at Jackson Hole on Saturday morning (AEST), while earnings season rolls on, with Coca-Cola, Mayne Pharma and Star Entertainment among those reporting.
Oil increased after a report that Iran will participate in an informal meeting of OPEC members.
Low volatility means markets are particularly vulnerable to sharp shocks, such as Britain's vote two months ago to leave the EU.
Brazil's real gained after passage of a budget bill that was seen as a victory for the government.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7559 | 0.7554 | -0.0061fall | -0.80% fall |
AUD/EUR | 0.6752 | 0.6749 | 0.0002rise | 0.03% rise |
Updated: August 27, 2016 - 6:10AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,585,898,985 | 2,158,904,205 | 981,646 |
Industrial | 4,318,390,012 | 773,885,376 | 811,827 |
Mining | 1,191,845,114 | 1,384,633,136 | 165,412 |
David Samra, awarded for his stock-picking during and after the 2008 financial crisis, says now's the time for a steady hand and no emotion.
The Sydney software company just released its first quarterly earnings report since listing on the Nasdaq late last year.Â
Markets are in a well-oiled "death spiral," analysts at Citigroup say.
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
BPG | BYTE POWER GROUP | 0.002rise | 0.001 | 0.001 |
GMN | GOLD MOUNTAIN LTD | 0.185rise | 0.100 | 0.040 |
LKO | LAKES OIL NL | 0.003rise | 0.002 | 0.002 |
TOU | TLOU ENERGY LTD | 0.155rise | 0.105 | 0.135 |
CMP | COMPUMEDICS LIMITED | 0.575rise | 0.450 | 0.435 |
ALU | ALTIUM LIMITED | 9.580rise | 7.500 | 7.350 |
CJC | CARAJAS COPPER CO | 0.010rise | 0.008 | 0.007 |
INV | INVESTSMART GROUP | 0.360rise | 0.300 | 0.360 |
PGS | PLANET GAS LTD | 0.006rise | 0.005 | 0.004 |
MUA | MITULA GROUP LIMITED | 1.250rise | 1.060 | 0.935 |
Updated: August 26, 2016 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
BIQ | BUILDINGIQ, INC | 0.140fall | 0.350 | 0.400 |
WRG | WATER RES GRP LTD | 0.001fall | 0.002 | 0.002 |
ACR | ACRUX LIMITED | 0.395fall | 0.670 | 0.700 |
MKB | MOKO SOCIAL MEDIA | 0.002fall | 0.003 | 0.006 |
SDL | SUNDANCE RESOURCES | 0.002fall | 0.003 | 0.003 |
FCG | FRONTIER CAPITAL GRP | 0.100fall | 0.145 | 0.150 |
KNM | KNEOMEDIA LIMITED | 0.009fall | 0.012 | 0.013 |
POW | PROTEAN WAVE LTD | 0.009fall | 0.012 | 0.012 |
TTE | TTE PETROLEUM LTD | 0.003fall | 0.004 | 0.004 |
WKT | WALKABOUT RESOURCES | 0.003fall | 0.004 | 0.005 |
Updated: August 26, 2016 - 4:10PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
AdAlta Limited | 1AD | 22/08/2016 | 0.25 |
Aurora Labs Limited | AD3 | 0.20 | |
Broo Ltd | BEE | 12/09/2016 | 0.20 |
CoAssets Limited | CA8 | 05/07/2016 | 0.40 |
CFOAM Limited | CFO | 29/07/2016 | 0.20 |
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