Aussie dollar loses last of 2016 gains
The Aussie hovered close to a six-month low as the mid-year budget update couldn't quite dispel fears of a ratings downgrade.
Floats & IPOs
| Code | Company Name | Expected Float Date | Issue | Expected Close Date |
|---|---|---|---|---|
| 4WD | Automotive Solutions Group Ltd | 16/12/2016 | 1.00 | 09 Dec 2016 |
| ARL | Ardea Resources Ltd | 09/01/2017 | 0.20 | 23 Dec 2016 |
| AXL | Axsesstoday Ltd | 21/12/2016 | 1.00 | 09 Dec 2016 |
| BCG | Blockchain Global Ltd | 0.20 | ||
| BSX | Blackstone Minerals Ltd | 20/12/2016 | 0.20 | 05 Dec 2016 |
Stock Watch
Contrarians win big in 2016
After several years of underperformance, 2016 was the year contrarians made a mint as some of the previously successful momentum trades abruptly halted.