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Markets Live: Miners dig deep

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Shares overcome a weak start to finish the session higher as investors jump into miners following the weekend's National People's Congress in China, while Navitas is smashed after an earnings downgrade.

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Macroeconomic events have largely driven market sentiment in recent years, however some quant traders are now betting on ...

Macroeconomic events have largely driven market sentiment in recent years, however some quant traders are now betting on a return to fundamentals.

Iron ore prices 'could drop 30pc'

Credit Suisse analysts are more bullish on iron ore than most – they also expect prices to fall, but not suddenly.

Although iron ore's price gains defied predictions in 2016, many analysts now believe new supply, high inventories, and insufficient demand are setting iron ore up for sharp losses in the second half of this year.

Australian Snap investor makes billions

Jeremy Liew, who grew up in Perth and graduated from the Australian National University in the early 90s, was the very ...

The very first investor in what would become Snap was an Australian living in the US, whose initial $641,000 on behalf of his firm Lightspeed eventually led to billions in gains.

Market Activity

  • Advances
    Price
    161.00
    Percentage up/down
    34.18% rise
  • Declines
    Price
    233.00
    Percentage up/down
    49.47% fall
  • Unchanged
    Price
    77.00
    Percentage up/down
    16.35% steady
Last updated:

Markets Live: Miners dig deep

Shares overcome a weak start to finish the session higher as investors jump into miners following the weekend's National People's Congress in China, while Navitas is smashed after an earnings downgrade.

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Currencies

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.7584 0.758 -0.0014fall -0.18% fall
AUD/EUR 0.7168 0.716 0.0022rise 0.31% rise
Updated: March 7, 2017 - 6:48AM

Market Details

Volatility S&P;/ASX 200 VIX
Price
12.10
Change in
-0.4090fall
Percentage up/down
(-3.27%) fall
Today's market compared to previous close
Turnover
Sector Turnover ($AU) Volume Trades
Market total 3,657,356,750 2,108,468,215 913,238
Industrial 2,751,160,121 658,235,201 735,358
Mining 894,284,636 1,449,990,273 175,146
Last updated: March 6, 2017 - 5:55PM

Insider Tips

ASX - 52 Weeks Highs

Code Name New Highs Last Week Last Month
OVR OVERLAND RESOURCES 0.018rise 0.011 0.012
SAS SKY AND SPACE GLOBAL 0.245rise 0.195 0.175
IVT INVENTIS LIMITED 0.018rise 0.015 0.015
AC8 AUSCANN GRP HLGS LTD 0.440rise 0.385 0.410
IRD IRON ROAD LTD 0.200rise 0.180 0.180
SWJ STONEWALL RES LTD 0.020rise 0.018 0.018
MOD MOD RESOURCES LTD 0.063rise 0.057 0.053
RDS REDSTONE RESOURCES 0.022rise 0.020 0.011
GSC GLOBAL GEOSCIENCE 0.140rise 0.135 0.140
WAT WATERCO LIMITED 1.580rise 1.540 1.500
Updated: March 6, 2017 - 4:26PM

ASX - 52 Weeks Highs

Code Name New Lows Last Week Last Month
HHM HAMPTON HILL MINING 0.015fall 0.030 0.030
ZYB ZYBER HOLDINGS LTD 0.005fall 0.008 0.007
MEM MEMPHASYS LTD 0.003fall 0.004 0.003
KRC KING RIVER COPPER 0.005fall 0.006 0.006
WLF WOLF MINERALS 0.065fall 0.078 0.073
NVT NAVITAS LIMITED 4.120fall 4.890 4.330
SKN SKIN ELEMENTS LTD 0.120fall 0.140 0.150
SRO SHAREROOT LTD 0.006fall 0.007 0.007
RVA REVA MEDICAL, INC 0.865fall 1.000 0.880
XPE XPED LIMITED 0.022fall 0.025 0.026
Updated: March 6, 2017 - 6:50PM