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Movers

Spot iron ore extends rout

The spot price of iron ore dropped 4.1 per cent to $US81.57 a tonne at its Monday fix, according to Metal Bulletin.

Iron ore fell, extending its retreat from its February peak to 14 per cent, as Chinese steel inventories edge ever higher.

8@eight: The Teflon market

Investors are playing it safe.
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It is a stretch to believe anyone has really bought into the idea that the Trump administration can really deliver on far-reaching tax reform. But what we can see, is that to a large extent it isn't going to worry them too much either. This is a Teflon market where literally nothing sticks.

Surging cash bank prompts big South 32 buy-back

Delays in South 32 acquiring Peabody's Metropolitan mine has added to its cash surplus.

Delays in prospective acquisitions amid continued high commodity prices has prompted South 32, the BHP Billiton spin-out of orphan assets, to buy back close to 5 per cent of its shares for $US500 million

Market Indices

Updated: March 28, 2017 - 9:34AM
Updated: March 28, 2017 - 9:19AM
Updated: March 28, 2017 - 5:15AM
Updated: March 28, 2017 - 12:00AM

Market Activity

  • Advances
    Price
    248.00
    Percentage up/down
    53.33% rise
  • Declines
    Price
    154.00
    Percentage up/down
    33.12% fall
  • Unchanged
    Price
    63.00
    Percentage up/down
    13.55% steady
Last updated:

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A European Union supporter in Warsaw, Poland, on Saturday.

'The monetary policy tide has turned'

Australia has been caught up in last year's global reversal in interest rates led by Donald Trump and a resurgence of populist policies around the developed world, Algebris' Alberto Gallo says.

The changes caused by passive investing provide opportunities for active traders to exploit, argues a new Citi analysis.

Fundies game 'seismic shift' into ETFs

Sharp-eyed investors are buying up stocks ahead of their inclusion in key stock indexes on expectations the onslaught of passive funds will boost prices, Citi says.

US House Speaker Paul Ryan has suffered a major defeat.

8@eight: All eyes are on America and what happens next

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Ructions in America's Republican Party are set to dominate global markets in coming days as investors try to figure out where the Trump administration goes next in the wake of its defeated attempt to repeal Obamacare.

Currencies

The central bank has raised interest rates for four consecutive meetings to 6.25 per cent, and economists expect another ...

Peso undervalued up to 10pc

Mexico's peso is undervalued by as much as 10 per cent, according to the governor of the nation's central bank.

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.763 0.7628 0.0013rise 0.17% rise
AUD/EUR 0.7023 0.7021 0.0013rise 0.19% rise
Updated: March 28, 2017 - 9:30AM

Market Details

Volatility S&P;/ASX 200 VIX
Price
12.20
Change in
-0.4490fall
Percentage up/down
(-3.55%) fall
Today's market compared to previous close
Turnover
Sector Turnover ($AU) Volume Trades
Market total 1,699,960,211 1,043,166,916 393,825
Industrial 1,326,482,249 353,816,090 321,960
Mining 346,102,008 689,098,518 69,169
Last updated: March 28, 2017 - 9:35AM

Insider Tips

ASX - 52 Weeks Highs

Code Name New Highs Last Week Last Month
WHA WATTLE HEALTH AU LTD 0.420rise 0.320 0.000
ESE ESENSE-LAB LTD 0.540rise 0.430 0.295
AC8 AUSCANN GRP HLGS LTD 0.945rise 0.775 0.410
SUH SOUTHERN HEM MIN 0.105rise 0.090 0.041
TAW TAWANA RESOURCES NL 0.220rise 0.195 0.165
OIL OPTISCAN IMAGING 0.068rise 0.061 0.055
INK INDAGO ENERGY LTD 0.100rise 0.090 0.075
AMT ALLEGRA ORTHOPAEDICS 0.360rise 0.330 0.220
TLG TALGA RESOURCES 0.445rise 0.410 0.435
OKU OKLO RESOURCES LTD 0.350rise 0.330 0.215
Updated: March 28, 2017 - 9:35AM

ASX - 52 Weeks Highs

Code Name New Lows Last Week Last Month
KTA KRAKATOA RESOURCES 0.068fall 0.210 0.210
FUN FUNTASTIC LIMITED 0.006fall 0.015 0.016
IP1 INT PAYMENT TECH LTD 0.160fall 0.180 0.175
KNO KNOSYS LIMITED 0.120fall 0.135 0.135
VRC VOLT RESOURCES LTD 0.026fall 0.029 0.034
ECG ECARGO HLDG 0.090fall 0.100 0.160
MIR MIRRABOOKA INVEST. 2.450fall 2.640 2.780
CZZ CAPILANO HONEY LTD 14.260fall 14.300 14.560
Updated: March 28, 2017 - 9:35AM

Floats & IPOs

Upcoming IPOs
Company Security Code Float date Issue $
Visioneering Technologies, Inc. CTI 26/03/2017 0.42
De.mem Limited DEM 20/03/2017 0.20
G Medical Innovations Holdings Limited GMV 30/03/2017 0.20
Magmatic Resources Limited MAG 23/03/2017 0.20
Morphic Ethical Equities Fund Limited MEC 02/05/2017 1.10
Mobilicom Limited MOB 04/05/2017 0.20
Moelis Australia Pty Ltd MOE 09/04/2017 2.35
Retech Technology., Co Limited RTE 19/04/2017 0.50
Scout Security Limited SCT 20/04/2017 0.20
Tinybeans Group Pty Ltd TNY 30/03/2017 1.00
Todd River Resources Limited TRT 23/03/2017 0.20
URB Investments Limited URB 06/04/2017 1.10

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