Markets Live: Crown dumped after raids
The ASX begins the week on uncertain footing as investors smash the casino operator.
The ASX begins the week on uncertain footing as investors smash the casino operator.
Earnings are set to turn positive and level the playing field for unloved value stocks, Credit Suisse says.
Whitehaven Coal expects the coal price to remain strong through the December quarter.
As the M&A; season heats up, Perpetual warns investors to look for red flags before rewarding acquiring companies.
A busy week of local and international data, notably from the US and China, and a raft of US earnings will provide plenty of fodder for investors to weigh in markets this week.
The ASX is set to start the week slightly lower but a flood of data and events will keep investors busy this week.
The Chinese Government appears to be looking for a showdown with Australian billionaire James Packer. His gaming empire, Crown Resorts, is reeling in response to the massive raids on its Chinese operations and the detention of 18 staff.
US stocks closed little changed to end the week amid data that bolstered the case for higher rates.
The ASX begins the week on uncertain footing as investors smash the casino operator.
Could a "high-pressure economy" reverse some of the damage done in the recession?
Uncertainty? What uncertainty? Goldman Sachs analyst Elad Pashtan sees a rosy outlook.
​A British court ruled in favour of Goldman in a $US1.2b dispute with Libya's sovereign wealth fund.
The price of copper slipped to a one-month low on Friday after the US dollar gained.
The US dollar reached the highest level since March in anticipation of an interest rate hike.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7589 | 0.7584 | -0.0027fall | -0.35% fall |
AUD/EUR | 0.6916 | 0.6911 | -0.0024fall | -0.35% fall |
Updated: October 17, 2016 - 12:47PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 1,685,691,397 | 1,183,786,688 | 485,701 |
Industrial | 1,345,739,271 | 322,825,939 | 395,190 |
Mining | 336,496,379 | 860,819,453 | 88,663 |
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 |
---|---|---|---|---|
AOA | AUSMON RESORCES | 0.015rise | 0.009 | 0.012 |
CGS | COGSTATE LTD | 1.100rise | 0.900 | 0.975 |
GPP | GREENPOWER ENRGY LTD | 0.012rise | 0.010 | 0.006 |
YAL | YANCOAL AUST LTD | 0.400rise | 0.340 | 0.260 |
MTA | METALS OF AFRICA LTD | 0.090rise | 0.081 | 0.055 |
IIL | INNATE IMMUNO | 0.680rise | 0.620 | 0.585 |
BEE | BROO LTD | 0.300rise | 0.280 | 0.000 |
VHT | VOLPARA HEALTH TECH | 0.680rise | 0.635 | 0.590 |
HXG | HEXAGON RESOURCES | 0.310rise | 0.290 | 0.200 |
BRL | BATHURST RES LTD. | 0.053rise | 0.050 | 0.037 |
Updated: October 17, 2016 - 1:17PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
KCN | KINGSGATE CONSOLID. | 0.130fall | 0.410 | 0.410 |
CGN | CRATER GOLD MIN LTD | 0.047fall | 0.050 | 0.050 |
PVL | POWERHOUSE VEN LTD | 0.880fall | 0.920 | 0.000 |
TPM | TPG TELECOM LIMITED | 7.530fall | 7.770 | 8.600 |
PPH | PUSHPAY HOLDINGS LTD | 1.820fall | 1.850 | 0.000 |
APA | APA GROUP | 7.930fall | 8.000 | 8.215 |
CMW | CROMWELL PROP | 0.910fall | 0.917 | 0.940 |
POU | BETASHARES POUND ETF | 15.840fall | 15.940 | 16.760 |
ABP | ABACUS PROPERTY GRP. | 2.765fall | 2.770 | 2.770 |
Updated: October 17, 2016 - 1:17PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Antipodes Global Investment Company Limited | APL | 18/10/2016 | 1.10 |
Apollo Tourism and Leisure Ltd | ATL | 04/11/2016 | 1.00 |
CFOAM Limited | CFO | 0.20 | |
Creso Pharma Limited | CPH | 0.20 | |
Davenport Resources Limited | DAV | 27/10/2016 | 0.20 |
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