Markets Live: Resources prop up ASX
Shares overcome a midday slump to close with solid gains, led by miners and energy stocks, but banks end mostly lower.
Shares overcome a midday slump to close with solid gains, led by miners and energy stocks, but banks end mostly lower.
Copper rose 2 per cent, reflecting strength across base metals following upbeat jobs data from the United States.
US stocks were higher in early afternoon trade in a broad-based rally, spurred by a blowout private employment data.
IAG estimates net exposure to Cyclone Debbie at about $140m as other insurers also count cost.
Shares advanced after solid gains across mining and energy stocks helped the ASX overcome selling in the big banks.
The much-battered Navitas is enjoying some good news, having been nominated as one of the few companies singled out for counter-consensus outperform calls from equity strategists.
A bond rally is likely to continue with yields on 10-year Treasuries poised to slide below 2 per cent, says Jeffrey Gundlach.
The local sharemarket is set to open higher as the ASX continues to eye off the 6000-point mark.
Shares overcome a midday slump to close with solid gains, led by miners and energy stocks, but banks end mostly lower.
Despite a historic reluctance to embrace dividends, China has emerged as one of the best dividend trades this year.
Oil prices rose, supported by an unplanned outage in the North Sea and expectations of a drawdown in US crude inventories.
Richmond Fed boss Jeffrey Lacker quits for disclosing information related to the US central bank's deliberations in 2012.
The sharemarket closed slightly lower, with Westpac the single biggest drag on the benchmark index, while the Aussie dollar fell top a three-week low.
The US dollar rose to a two-week high overnight on technical trading and strong economic data. The $A dipped.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7571 | 0.757 | 0.0007rise | 0.09% rise |
AUD/EUR | 0.711 | 0.7107 | 0.0022rise | 0.31% rise |
Updated: April 6, 2017 - 3:09AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,937,367,599 | 1,924,085,108 | 1,089,808 |
Industrial | 3,628,203,322 | 895,469,999 | 876,593 |
Mining | 1,262,104,141 | 1,028,249,298 | 208,902 |
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 |
---|---|---|---|---|
OIL | OPTISCAN IMAGING | 0.115rise | 0.071 | 0.071 |
BLT | BENITEC BIOPHARMA | 0.280rise | 0.175 | 0.195 |
TEG | TRIANGLE ENERGY LTD | 0.060rise | 0.042 | 0.042 |
WRG | WATER RES GRP LTD | 0.004rise | 0.003 | 0.003 |
PEX | PEEL MINING LIMITED | 0.260rise | 0.195 | 0.225 |
GBX | GB ENERGY LIMITED | 0.015rise | 0.012 | 0.012 |
APC | AUST POTASH LTD | 0.155rise | 0.125 | 0.135 |
OPT | OPTHEA LIMITED | 1.120rise | 0.940 | 1.000 |
AZV | AZURE HEALTHCARE LTD | 0.125rise | 0.105 | 0.105 |
AAR | ANGLO AUSTRALIAN | 0.038rise | 0.032 | 0.036 |
Updated: April 5, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
UNS | UNILIFE CORPORATION | 0.003fall | 0.036 | 0.035 |
LGO | LONGREACH OIL LTD. | 0.001fall | 0.002 | 0.001 |
BLY | BOART LONGYEAR | 0.047fall | 0.081 | 0.081 |
PCL | PANCONTINENTAL OIL | 0.002fall | 0.003 | 0.003 |
TYK | TYCHEAN RESOURCES | 0.005fall | 0.007 | 0.006 |
NOR | NORWOOD SYSTEMS LTD. | 0.017fall | 0.022 | 0.020 |
OVN | OVENTUS MEDICAL LTD | 0.480fall | 0.620 | 0.615 |
RNY | RNY PROPERTY TRUST | 0.031fall | 0.040 | 0.040 |
ROG | RED SKY ENERGY. | 0.007fall | 0.009 | 0.007 |
CZL | CONS ZINC LTD | 0.018fall | 0.023 | 0.021 |
Updated: April 5, 2017 - 4:14PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Bigtincan Holdings Limited | BTH | 24/03/2017 | 0.26 |
Visioneering Technologies, Inc. | CTI | 27/03/2017 | 0.42 |
De.mem Limited | DEM | 21/03/2017 | 0.20 |
Fat Prophets Global Contrarian Fund Limited | FPC | 22/03/2017 | 1.10 |
G Medical Innovations Holdings Limited | GMV | 31/03/2017 | 0.20 |
Magmatic Resources Limited | MAG | 24/03/2017 | 0.20 |
Morphic Ethical Equities Fund Limited | MEC | 03/05/2017 | 1.10 |
Mobilicom Limited | MOB | 05/05/2017 | 0.20 |
Moelis Australia Pty Ltd | MOE | 10/04/2017 | 2.35 |
Marquee Resources Limited | MQR | 15/03/2017 | 0.20 |
Retech Technology., Co Limited | RTE | 20/04/2017 | 0.50 |
Scout Security Limited | SCT | 21/04/2017 | 0.20 |
Tinybeans Group Pty Ltd | TNY | 31/03/2017 | 1.00 |
Todd River Resources Limited | TRT | 24/03/2017 | 0.20 |
URB Investments Limited | URB | 07/04/2017 | 1.10 |
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