Markets Live: ASX in $39b relief rally
Investors pile back into shares, with bluechips leading the charge higher.
Investors pile back into shares, with bluechips leading the charge higher.
The ASX has revealed what went wrong on Monday, its most serious incident in five years.
The ASX surged to its first weekly gain in six, as the promise of continuing easy money from central banks cheered financial markets.
Hedge funds are targeting retail investors who have crowded into the sharemarket under the "there is no alternative" premise.
The local sharemarket looks set to open higher as global stocks continue to rally after the Bank of Japan and the US Federal Reserve left interest rates on hold.
Morgan Stanley said the greenback likely will extend its slide for about two more months.
Oil climbed to a two-week high after rival OPEC members Saudi Arabia and Iran met in Vienna again.
China removed a ban on some US beef products, opening up the trade for the first time since 2003.
Investors pile back into shares, with bluechips leading the charge higher.
The Fed's inaction has again revived gold bulls, and industrial metals are getting a ride as well.
The September roadblocks for the ASX are behind it, but strategists warn a strong rally is unlikely to follow.
The ASX soared after the Fed decision to keep rates on hold pushed commodity stocks including gold to their best day since Brexit.
A mixture of higher volumes and better margins is working well for materials maker.
Morgan Stanley said the greenback likely will extend its slide for about two more months.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7637 | 0.7636 | -0.0006fall | -0.08% fall |
AUD/EUR | 0.6809 | 0.6806 | -0.0012fall | -0.18% fall |
Updated: September 23, 2016 - 9:12PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,934,194,267 | 2,326,833,727 | 1,254,100 |
Industrial | 4,904,579,212 | 901,957,696 | 1,043,223 |
Mining | 1,003,340,573 | 1,424,569,631 | 206,234 |
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.
Markets are in a well-oiled "death spiral," analysts at Citigroup say.
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
HHM | HAMPTON HILL MINING | 0.035rise | 0.021 | 0.028 |
AKM | ASPIRE MINING LTD | 0.054rise | 0.035 | 0.024 |
SYT | SYNTONIC LIMITED | 0.052rise | 0.036 | 0.032 |
AOP | APOLLO CONSOLIDATED | 0.170rise | 0.125 | 0.140 |
TAM | TANAMI GOLD NL | 0.090rise | 0.070 | 0.075 |
TER | TERRACOM LTD | 0.044rise | 0.035 | 0.029 |
RAP | RESAPP HEALTH LTD | 0.505rise | 0.430 | 0.390 |
UOS | UNITED OVERSEAS AUST | 0.640rise | 0.555 | 0.540 |
SRG | SRG LIMITED. | 1.600rise | 1.435 | 1.350 |
ALK | ALKANE RESOURCES LTD | 0.425rise | 0.395 | 0.345 |
Updated: September 23, 2016 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ACU | ACTIVISTIC LTD | 0.020fall | 0.025 | 0.024 |
YBR | YELLOW BRICK ROAD | 0.135fall | 0.160 | 0.175 |
GFY | GODFREYS GRP LTD | 0.700fall | 0.825 | 0.860 |
MWR | MGM WIRELESS LIMITED | 0.530fall | 0.605 | 0.605 |
PRO | PROPHECY INTERNATION | 0.900fall | 1.005 | 1.040 |
ACG | ATCOR MEDICAL | 0.091fall | 0.100 | 0.110 |
ICQ | ICAR ASIA LTD | 0.295fall | 0.310 | 0.340 |
GTY | GATEWAY LIFESTYLE | 2.090fall | 2.170 | 2.240 |
URF | US MASTERS RES FUND | 1.870fall | 1.900 | 1.920 |
BKW | BRICKWORKS LIMITED | 13.130fall | 13.300 | 13.870 |
Updated: September 23, 2016 - 6:50PM |
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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