Markets Live: Flat ASX hides big moves
![Shares are set for a poor start.](/web/20161022052418im_/http://www.theage.com.au/content/dam/images/g/r/k/o/e/s/image.related.landscape.120x80.gs7c6l.png/1477027514254.jpg)
A marginal decline for the ASX over the week masked some vicious share price moves.
A marginal decline for the ASX over the week masked some vicious share price moves.
Wall Street closed little changed after erasing an early selloff, as deal activity boosted consumer stocks and Microsoft shares rallied to a record.
Time Warner shares surged on news the media giant may agree to a takeover by AT&T; this weekend.
US stocks closed little changed on concerns a US stronger dollar will damp corporate earnings.
For the Brazillian iron ore giant, it's all about protecting ever-narrowing profit margins.
Iron ore contracts in Singapore have greater pricing power than those traded in China.
Microsoft shares soared to a record high after it reported sales and earnings that topped estimates.
Qualcomm has agreed to buy NXP Semiconductors for $US110 a share in a deal seen announced next week.
A marginal decline for the ASX over the week masked some vicious share price moves.
Deutsche says investors who loaded up on banks and miners for the last 25 years, would have outstripped the broader market by 2 per cent.
Shares closed lower on Friday, battered by a drop in Healthscope shares as it cautioned on its full-year guidance.
A sharemarket float is an option being considered by the NSW government for the sale of its remaining electricity sector asset, with the formal sale process to kick off by year end.
Getting rid of most bank notes could give central banks another weapon to lift growth and to prepare for the next recession, leading economists says.
Getting rid of most bank notes could give central banks another weapon to lift growth and to prepare for the next recession, leading economists says.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.761 | 0.7605 | 0.0003rise | 0.04% rise |
AUD/EUR | 0.6993 | 0.6985 | 0.0001rise | 0.01% rise |
Updated: October 22, 2016 - 10:00AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,376,644,580 | 2,396,247,744 | 859,852 |
Industrial | 3,578,394,793 | 926,821,165 | 703,806 |
Mining | 762,934,203 | 1,469,165,420 | 152,660 |
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 |
---|---|---|---|---|
GPP | GREENPOWER ENRGY LTD | 0.019rise | 0.010 | 0.006 |
KPO | KALINA POWER LIMITED | 0.150rise | 0.105 | 0.080 |
KPT | KANGAROO PLANTATION | 27.100rise | 19.200 | 26.500 |
KYK | KYCKR LIMITED | 0.250rise | 0.180 | 0.200 |
NTM | NORTHERN MANGANESE | 0.088rise | 0.065 | 0.070 |
ODY | ODYSSEY ENERGY | 0.085rise | 0.063 | 0.070 |
MTA | METALS OF AFRICA LTD | 0.105rise | 0.081 | 0.055 |
CGS | COGSTATE LTD | 1.160rise | 0.900 | 0.975 |
BSE | BASE RES LIMITED | 0.215rise | 0.170 | 0.170 |
MGV | MUSGRAVE MINERALS | 0.130rise | 0.105 | 0.096 |
Updated: October 21, 2016 - 4:11PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
NYO | NYOTA MINERALS LTD | 0.001fall | 0.002 | 0.001 |
TEX | TARGET ENERGY | 0.001fall | 0.002 | 0.001 |
ADY | ADMIRALTY RESOURCES. | 0.008fall | 0.010 | 0.010 |
CV1 | CV CHECK LTD | 0.105fall | 0.130 | 0.110 |
SKC | SKYCITY ENT GRP LTD | 3.520fall | 4.340 | 4.265 |
1PG | 1-PAGE LTD | 0.177fall | 0.210 | 0.220 |
PVL | POWERHOUSE VEN LTD | 0.780fall | 0.920 | 0.000 |
FTZ | FERTOZ LTD | 0.100fall | 0.115 | 0.120 |
BUY | BOUNTY OIL & GAS NL | 0.007fall | 0.008 | 0.007 |
RBR | RBR GROUP LTD | 0.007fall | 0.008 | 0.008 |
Updated: October 21, 2016 - 6:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Apollo Tourism and Leisure Ltd | ATL | 04/11/2016 | 1.00 |
CFOAM Limited | CFO | 0.20 | |
Davenport Resources Limited | DAV | 27/10/2016 | 0.20 |
DomaCom Limited | DCL | 0.75 | |
Faster Enterprises Ltd | FE8 | 0.20 |
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