Markets Live: ASX roars back
![The gears of the global financial system have been crunching of late.](/web/20160916071158im_/http://www.theage.com.au/content/dam/images/g/p/n/g/c/l/image.related.landscape.120x80.grhiy5.png/1474008150465.jpg)
Local shares end a tough week on a bright note as the ASX roars back to life.
Local shares end a tough week on a bright note as the ASX roars back to life.
The ASX roared back into life on Friday, but it wasn't enough to avoid its longest streak of weekly losses since 2014.
Less than 10pc of actively managed large-cap domestic funds beat the S&P; 500 in the past five years.
The Bank of England signals it may cut rates again below their current historic low in the wake of the Brexit vote.
Wall Street provided the local sharemarket with a strong lead overnight, with the S&P; 500 jumping as Apple extended its five-day rally past 12 per cent.
A measure of volatility in developing-nation currencies held near the highest level since late June.
Apple's third-quarter rally is unwelcome news to a swath of investors who threw in the towel.
Agricultural prices will remain low into 2017 as farmers around the world harvest bumper crops.
Local shares end a tough week on a bright note as the ASX roars back to life.
The Federal Reserve is giving some gold investors a case of the jitters.
Well, not exactly no-one. Goldman Sachs chief economist Tim Toohey reckons the speech RBA assistant governor Chris Kent delivered on Tuesday amounts to an explicit shift to a neutral policy stance.
British fund managers River and Mercantile says the turning point for value investors is coming.
The ASX turned positive for a second session, lifted by banks and mining stocks.
Morgan Stanley says the Bank of Japan is likely to dive further into negative-interest-rate policy.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7509 | 0.7508 | -0.0006fall | -0.08% fall |
AUD/EUR | 0.6682 | 0.6676 | -0.0007fall | -0.10% fall |
Updated: September 16, 2016 - 4:36PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 7,081,975,887 | 2,916,739,072 | 1,056,213 |
Industrial | 5,533,116,265 | 1,191,080,920 | 879,697 |
Mining | 1,537,391,519 | 1,725,428,776 | 172,703 |
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 |
---|---|---|---|---|
AGX | AGENIX LIMITED | 0.059rise | 0.012 | 0.012 |
AHQ | ALLEGIANCE COAL LTD | 0.035rise | 0.010 | 0.009 |
KRL | KANGAROO RES LTD | 0.021rise | 0.007 | 0.006 |
YAL | YANCOAL AUST LTD | 0.260rise | 0.160 | 0.150 |
EQE | EQUUS MINING LTD | 0.014rise | 0.009 | 0.010 |
IKW | IKWEZI MINING LTD | 0.011rise | 0.008 | 0.010 |
CUV | CLINUVEL PHARMACEUT. | 6.750rise | 5.300 | 5.290 |
TER | TERRACOM LTD | 0.035rise | 0.028 | 0.029 |
FBR | FASTBRICK ROBOTICS | 0.100rise | 0.081 | 0.057 |
SMR | STANMORE COAL LTD | 0.600rise | 0.510 | 0.450 |
Updated: September 16, 2016 - 4:42PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
CA8 | COASSETS LTD. | 0.230fall | 0.380 | 0.000 |
8CO | 8COMMON LIMITED | 0.100fall | 0.150 | 0.150 |
LGO | LONGREACH OIL LTD. | 0.004fall | 0.006 | 0.006 |
BLT | BENITEC BIOPHARMA | 0.085fall | 0.110 | 0.110 |
HFR | HIGHFIELD RES LTD | 0.965fall | 1.225 | 1.275 |
EXG | EXCELSIOR GOLD LTD | 0.042fall | 0.048 | 0.049 |
AOW | AMERICAN PATRIOT OIL | 0.084fall | 0.091 | 0.093 |
TWR | TOWER LIMITED | 0.985fall | 1.065 | 1.260 |
ICQ | ICAR ASIA LTD | 0.310fall | 0.335 | 0.340 |
YBR | YELLOW BRICK ROAD | 0.160fall | 0.170 | 0.175 |
Updated: September 16, 2016 - 4:26PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Antipodes Global Investment Company Limited | APL | 14/10/2016 | 1.10 |
Broo Ltd | BEE | 12/09/2016 | 0.20 |
CFOAM Limited | CFO | 29/07/2016 | 0.20 |
Creso Pharma Limited | CPH | 12/10/2016 | 0.20 |
Davenport Resources Limited | DAV | 27/10/2016 | 0.20 |
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