Markets Live: Miners flatten ASX
Miners suffered a nasty reversal of fortunes, consigning shares to their third day of losses, while energy stocks fell ahead of a key OPEC meeting tonight.
Miners suffered a nasty reversal of fortunes, consigning shares to their third day of losses, while energy stocks fell ahead of a key OPEC meeting tonight.
Macquarie says markets are underestimating the full force of earnings upgrades in the mining sector and are too negative on the banks.
Lacklustre economic growth and stubbornly low inflation mean any talk of the Reserve Bank lifting interest rates next year is premature, economists say.
A savage sell-off in miners on the last day of the month couldn't prevent the ASX from enjoying its best November in 11 years.
A spike in short-term Chinese interest rates as well as regulatory measures to reduce speculation on futures markets have sparked another savage sell-off in iron ore and other metals futures.
Rather than killing the US shale industry, a two-year price war has made shale a stronger rival, even in the current low-price environment.
Every year as investors turn their attention towards cricket, beer and strained familial relations, they also turn bullish on a Santa Rally.
Gold halted its biggest gain in almost a month as investors extended the longest run of sales from bullion-backed funds.
Miners suffered a nasty reversal of fortunes, consigning shares to their third day of losses, while energy stocks fell ahead of a key OPEC meeting tonight.
In a sure sign that the end of the year's approaching, things have again started to crop up in threes.
The local share market could edge higher despite a retreat in oil and other commodities.
For Asian markets, 2017 could be the year of the dollar crunch.
An OPEC deal to curtail oil production appeared in jeopardy as Iran said it won't make cuts.
For Asian markets, 2017 could be the year of the dollar crunch.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7464 | 0.7459 | -0.0024fall | -0.32% fall |
AUD/EUR | 0.7005 | 0.7 | -0.0026fall | -0.37% fall |
Updated: November 30, 2016 - 9:57PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 7,847,432,888 | 3,164,376,691 | 1,220,315 |
Industrial | 6,090,665,358 | 1,128,541,164 | 985,034 |
Mining | 1,739,164,327 | 2,035,536,918 | 230,699 |
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 |
---|---|---|---|---|
NGE | NEW GUINEA ENERGY | 0.395rise | 0.019 | 0.019 |
A3D | AURORA LABS LIMITED | 5.390rise | 2.600 | 1.300 |
IAM | INTIGER GROUP LTD | 0.066rise | 0.047 | 0.051 |
ABU | ABM RESOURCES NL | 0.150rise | 0.120 | 0.077 |
CIA | CHAMPION IRON LTD | 0.520rise | 0.440 | 0.285 |
BSR | BASSARI RESOURCES | 0.048rise | 0.041 | 0.022 |
WBA | WEBSTER LTD | 1.420rise | 1.220 | 1.220 |
RMR | RAM RESOURCES | 0.030rise | 0.026 | 0.002 |
TPC | TPC CONSOLIDATED LTD | 1.200rise | 1.050 | 0.630 |
CVC | CVC LIMITED | 1.810rise | 1.600 | 1.710 |
Updated: November 30, 2016 - 4:11PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
AJY | ASAPLUS RESOURCES | 0.091fall | 0.240 | 0.240 |
MLX | METALS X LIMITED | 0.630fall | 1.320 | 1.250 |
CA8 | COASSETS LTD. | 0.100fall | 0.170 | 0.195 |
BLZ | BLAZE INTERNATIONAL | 0.029fall | 0.043 | 0.041 |
OHE | ORION HEALTH GRP | 1.690fall | 2.500 | 3.050 |
AGD | AUSTRAL GOLD | 0.120fall | 0.170 | 0.180 |
KDL | KIM DIAMONDS LTD | 0.009fall | 0.012 | 0.045 |
VOC | VOCUS COMMS LTD | 4.020fall | 5.230 | 5.250 |
ICI | ICANDY INTERACTIVE | 0.120fall | 0.155 | 0.170 |
KIS | KING ISLAND | 0.040fall | 0.050 | 0.049 |
Updated: November 30, 2016 - 5:42PM |
Code | Time | Announcement |
---|---|---|
ZOR | 08:30PM | End of Day |
GRB | 08:29PM | Final Director's Interest Notice |
BNR | 08:25PM | Change of Director's Interest Notices |
HOG | 08:20PM | Results of Meeting |
MOD | 08:12PM | Mines and Money London Presentation |
WSA | 08:11PM | Appendix 3B and Appendix 3Y x 2 |
TTE | 08:10PM | TTE ASIC Form 604 - Change Substantial Shareholder - Garner |
TTE | 08:10PM | TTE ASX Appendix 3B & Listing Rule 7.1A Disclosure |
RMG | 08:09PM | Results of Meeting |
CLA | 08:04PM | Supplementary Prospectus |
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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