Markets Live: ASX slips on oil
Shares fall in a cautious start to the week as a sharp fall in the oil price weighs on energy stocks, while Metcash jumps on results.
Shares fall in a cautious start to the week as a sharp fall in the oil price weighs on energy stocks, while Metcash jumps on results.
"Hot money" is set to flow out of the energy sector if the OPEC cartel fail to reach a production cap agreement.
The ASX fell almost 1 per cent as investors ignored climbing metals prices and instead sold energy stocks after oil dropped sharply.
The local share market will open the week on a modest positive after copper gained 2.5 per cent on Friday.
Will Karoon Gas's large cash holding save the company should its Petrobras deal-of-the-year fall through?
After months of negotiation and speculation, OPEC meets on Wednesday to hammer out an oil production deal while investors will also be keenly awaiting the US jobs report on Friday.
The first eSports company to list on the Australian share market gained 27 per cent on its first day of trading, ending the day 1 cent higher at 3 cents.Â
Wall Street's three main indexes closed at record highs on Friday, helped by gains in consumer staples.
Shares fall in a cautious start to the week as a sharp fall in the oil price weighs on energy stocks, while Metcash jumps on results.
Saudi Arabia won't meet with non-OPEC nations including Russia amid disagreements about how to share the supply cuts.
After numerous false starts, the idea of a 'Great Rotation' out of bonds into stocks is again gaining traction.
Zinc, the best performing metal on the London Metal Exchange this year, powered to its highest in more than eight years.
China's iron ore imports from India surged in October and purchases from Australia grew slightly, customs data showed.
In a surprisingly upbeat note, Goldman Sachs has upgraded its growth forecasts and says there is a chance the RBA will start lifting interest rates next year.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7477 | 0.7476 | 0.0046rise | 0.62% rise |
AUD/EUR | 0.7018 | 0.7014 | 0.0006rise | 0.09% rise |
Updated: November 28, 2016 - 8:13PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 3,725,609,961 | 1,934,688,049 | 895,494 |
Industrial | 2,752,045,764 | 612,592,479 | 707,150 |
Mining | 961,671,216 | 1,321,809,293 | 184,398 |
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 |
---|---|---|---|---|
RLC | REEDY LAGOON CORP. | 0.022rise | 0.013 | 0.010 |
SIH | SIHAYO GOLD LIMITED | 0.025rise | 0.021 | 0.024 |
LKE | LAKE RESOURCES | 0.080rise | 0.070 | 0.070 |
GPP | GREENPOWER ENRGY LTD | 0.044rise | 0.039 | 0.024 |
MDC | MEDLAB CLINICAL LTD | 0.860rise | 0.775 | 0.610 |
TPC | TPC CONSOLIDATED LTD | 1.155rise | 1.050 | 0.630 |
IBG | IRONBARK ZINC LTD | 0.110rise | 0.102 | 0.080 |
ALC | ALCIDION GROUP LTD | 0.145rise | 0.135 | 0.096 |
BUX | BUXTON RESOURCES LTD | 0.155rise | 0.145 | 0.110 |
MVT | MERCANTILE INVEST | 0.170rise | 0.160 | 0.165 |
Updated: November 28, 2016 - 5:30PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
VIC | VICTORY MINES LTD | 0.008fall | 0.012 | 0.030 |
SVH | SILVER HERITAGE GRP | 0.140fall | 0.190 | 0.250 |
OHE | ORION HEALTH GRP | 1.965fall | 2.500 | 3.050 |
GTG | GENETIC TECHNOLOGIES | 0.010fall | 0.012 | 0.013 |
XIP | XENITH IP GROUP LTD | 2.620fall | 3.000 | 3.100 |
POW | PROTEAN ENERGY LTD | 0.007fall | 0.008 | 0.010 |
RXH | REWARDLE HOLDING LTD | 0.040fall | 0.045 | 0.044 |
ACG | ATCOR MEDICAL | 0.063fall | 0.068 | 0.090 |
RHP | RHIPE LTD | 0.675fall | 0.720 | 0.900 |
BBR | BORA BORA RESOURCES | 0.046fall | 0.049 | 0.053 |
Updated: November 28, 2016 - 6:50PM |
Code | Time | Announcement |
---|---|---|
OCC | 08:23PM | Appendix 3B |
MMR | 08:23PM | MEC Resources Ltd - Chairman's Update |
GMD | 08:16PM | Change in substantial holding |
NME | 08:11PM | Results of Meeting |
WSG | 08:10PM | Trading Halt |
NEN | 08:04PM | Change of Director's Interest Notice x 3 |
STW | 07:59PM | Daily Fund Update |
SLF | 07:58PM | Daily Fund Update |
SFY | 07:58PM | Daily Fund Update |
LIT | 07:56PM | Results of 2016 Annual General Meeting |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Blockchain Global Limited | BCG | 0.20 | |
Davenport Resources Limited | DAV | 27/10/2016 | 0.75 |
Dragontail Systems Limited | DTS | 10/11/2016 | 0.20 |
Freehill Mining Limited | FHS | 12/12/2016 | 0.20 |
HearMe Out Limited | HMO | 13/12/2016 | 0.20 |
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