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Markets Live: Profits drive ASX higher

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Share gains accelerate in afternoon trade, led by the banks and a number of well-received earnings updates, while a fall in oil prices weighed in energy names.

Credit Suisse's 17 restructuring stars

50 companies reported either cutting costs, selling or de-merging assets, repositioning their businesses or paying down ...

More Australian companies are restructuring than ever before and Credit Suisse believes there are seventeen that have been overlooked by the market.

Investors buy into retail surprises

A bump in the iron ore price wasn't enough to lift materials higher, though investors poured into Premier Investments ...

Shares shook off uninspiring overseas leads, with gains in the banks and a rally in Premier Investments offsetting losses in energy stocks.

Oil falls to two-week low

The trading boom that cushioned the profits of Royal Dutch Shell and BP through the price slump appears to be over.

Oil dropped to the lowest in more than two weeks amid estimates that US crude and gasoline inventories continue to climb.

8@eight: Playing it safe

Investors are playing it safe.
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Another night of very low volatility, highlighted with the S&P; 500 and Dow Jones indices trading in a nine and 87-point range respectively.

Market Indices

Updated: February 8, 2017 - 4:38PM
Updated: February 8, 2017 - 5:38PM
Updated: February 8, 2017 - 9:15AM
Updated: February 8, 2017 - 4:00AM

Market Activity

  • Advances
    Price
    235.00
    Percentage up/down
    50.11% rise
  • Declines
    Price
    168.00
    Percentage up/down
    35.82% fall
  • Unchanged
    Price
    66.00
    Percentage up/down
    14.07% steady
Last updated:

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Markets Live: Profits drive ASX higher

Share gains accelerate in afternoon trade, led by the banks and a number of well-received earnings updates, while a fall in oil prices weighed in energy names.

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Iron ore for delivery to China's Qingdao port rose 3.3 per cent to $US83.69 a tonne, according to Metal Bulletin.

Iron ore rebounds 3.3pc

Iron ore rebounded on bets that China data will show the world's second-largest economy got off to a good start in 2017.

Victory for Marine Le Pen could pose "the biggest threat to the survival of the eurozone since the height of its crisis ...

French populism fears boost the Aussie

The Australian dollar hit a 21-month high against the Euro overnight after Marine Le Pen said she would pull France out of the Eurozone if she wins the presidential election.

Currencies

Victory for Marine Le Pen could pose "the biggest threat to the survival of the eurozone since the height of its crisis ...

French populism fears boost the Aussie

The Australian dollar hit a 21-month high against the Euro overnight after Marine Le Pen said she would pull France out of the Eurozone if she wins the presidential election.

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.7641 0.7639 0.0015rise 0.20% rise
AUD/EUR 0.7157 0.7152 0.0017rise 0.24% rise
Updated: February 8, 2017 - 5:24PM

Market Details

Volatility S&P;/ASX 200 VIX
Price
12.58
Change in
-0.2870fall
Percentage up/down
(-2.23%) fall
Today's market compared to previous close
Turnover
Sector Turnover ($AU) Volume Trades
Market total 4,464,752,861 2,307,047,407 1,108,569
Industrial 3,523,350,599 737,086,039 909,762
Mining 928,392,081 1,569,737,729 195,528
Last updated: February 8, 2017 - 5:30PM

Insider Tips

ASX - 52 Weeks Highs

Code Name New Highs Last Week Last Month
CZN CORAZON LTD 0.045rise 0.017 0.020
SMM SUMMIT RESOURCES 0.405rise 0.260 0.200
BAS BASS STRAIT OIL CO 0.003rise 0.002 0.002
RDF REDFLEX HOLDINGS 0.620rise 0.500 0.520
STL STARGROUP LTD 0.046rise 0.038 0.039
WGX WESTGOLD RESOURCES. 2.360rise 2.030 2.060
BMN BANNERMAN RESOURCES 0.095rise 0.084 0.073
HSK HEEMSKIRK CONSOLID. 0.090rise 0.080 0.080
MMI METRO MINING LTD 0.180rise 0.165 0.165
TTA TTA HOLDINGS LTD 0.040rise 0.037 0.037
Updated: February 8, 2017 - 4:13PM

ASX - 52 Weeks Highs

Code Name New Lows Last Week Last Month
BMZ BLACK MOUNTA RES LTD 0.034fall 0.060 0.065
AB1 ANIMOCA BRANDS CORP 0.033fall 0.046 0.046
SSN SAMSON OIL & GAS LTD 0.003fall 0.004 0.004
FFC FARMAFORCE LTD 0.100fall 0.130 0.125
GGL THE GRUDEN GRP 0.015fall 0.019 0.019
M7T MACH7 TECH LIMITED 0.280fall 0.320 0.330
RED RED 5 LIMITED 0.062fall 0.070 0.065
POP PRIMARY OPINION LTD 0.016fall 0.018 0.020
SKN SKIN ELEMENTS LTD 0.170fall 0.190 0.185
AOW AMERICAN PATRIOT OIL 0.051fall 0.057 0.059
Updated: February 8, 2017 - 4:10PM

Floats & IPOs

Upcoming IPOs
Company Security Code Float date Issue $
Ardea Resources Ltd ARL 09/01/2017 0.20
Blockchain Global Ltd BCG 0.20
E2 Metals Ltd E2M 02/12/2016 0.20
Eildon Capital Ltd EDC 02/02/2017 1.06
India Fund Limited INF 1.00
I Synergy Group Limited IS3 22/12/2016 0.20
Lithium Consolidated Mineral Exploration Pty Ltd LI3 21/12/2016 0.20
Majestic Horizon Holdings Ltd MHH 0.20
Metavone Limited MTV 28/10/2016 0.20
Roto-Gro International Ltd RGI 06/01/2017 0.20
Secure2Go Group Ltd S2G 09/01/2017 0.30
Traprock Mining Ltd TMI 21/12/2016 0.20
Viatar CTC Solutions Inc. VTR 68.50
Wilgena Resources Ltd WRX 13/12/2016 0.20

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