Markets Live: BHP drives ASX to two-year high
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The ASX tops 5900 points in broad-based gains led by BHP Billiton after a US hedge fund urges a restructure, while the Aussie dollar continues to fall.
The ASX tops 5900 points in broad-based gains led by BHP Billiton after a US hedge fund urges a restructure, while the Aussie dollar continues to fall.
One of BHP Billiton's largest shareholders has called for an overhaul of the group's structure which it argues could release billions in dollars of value for shareholders
News that BHP is being urged to demerge its petroleum assets pushed the benchmark stock index to its highest since April 2015.
The recent high iron ore price was too good to be true anyway, say investors who refused to sell off the miners on Monday.
Australia's big miners and banks stand to benefit from a marked rise in foreign investors ploughing money into the ASX.
The Reject Shop's share price has continued to plunge, as market analysts suggest the discount retailer needs to start closing stores.
An overlooked statistical concept shows not only can't humans outdo benchmarks, we can't even fight them to a draw.
Caught between overheating property markets and signs of a moderating economy, the RBA will be praying for a solid jobs number this week.
The ASX tops 5900 points in broad-based gains led by BHP Billiton after a US hedge fund urges a restructure, while the Aussie dollar continues to fall.
We have seen a number of geopolitical and economic events show their hand last week and this has pushed a number of markets into some very interest technical set-up. I haven't had so many markets on the radar for a while and there are some very interesting arguments that are being had that need resolution.
Wall Street's cool response to US strike on Syria should help the ASX shrug off a steep fall in the iron ore price on Friday night.
The lingering impact of Cyclone Debbie on Queensland's exports of coal will begin to ease this week for some exporters as work is expedited to repair the multiple rail links which shift the millions of tonnes of coal to port.
Green bonds are on the rise
The Australian dollar has fallen to its lowest since mid January as iron ore is getting beaten back in a told-you-so rout.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7482 | 0.7477 | -0.0018fall | -0.24% fall |
AUD/EUR | 0.7073 | 0.7065 | 0.0000steady | 0.00% steady |
Updated: April 10, 2017 - 6:30PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,393,982,388 | 1,773,790,320 | 984,838 |
Industrial | 3,307,895,507 | 717,048,316 | 784,345 |
Mining | 1,060,586,191 | 1,056,451,706 | 197,060 |
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 |
---|---|---|---|---|
KRL | KANGAROO RES LTD | 0.023rise | 0.013 | 0.012 |
BCT | BLUECHIIP LIMITED | 0.044rise | 0.033 | 0.037 |
PRL | PETREL ENERGY LTD | 0.046rise | 0.037 | 0.027 |
IMA | IMAGE RESOURCES NL | 0.110rise | 0.091 | 0.100 |
COI | COMET RIDGE LIMITED | 0.160rise | 0.140 | 0.125 |
DEM | DE.MEM LTD | 0.500rise | 0.450 | 0.000 |
INK | INDAGO ENERGY LTD | 0.120rise | 0.110 | 0.110 |
TRT | TODD RIVER RES LTD | 0.270rise | 0.250 | 0.000 |
BUL | BLUE ENERGY LIMITED | 0.061rise | 0.057 | 0.055 |
BSE | BASE RES LIMITED | 0.330rise | 0.310 | 0.310 |
Updated: April 10, 2017 - 4:41PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
GCR | GOLDEN CROSS | 0.014fall | 0.018 | 0.016 |
TRS | THE REJECT SHOP | 4.160fall | 5.110 | 7.600 |
IDZ | INDOOR SKYDIVE AUST | 0.305fall | 0.330 | 0.330 |
RXH | REWARDLE HOLDING LTD | 0.025fall | 0.027 | 0.027 |
AZS | AZURE MINERALS | 0.014fall | 0.015 | 0.015 |
ABT | ABUNDANT PRODUCE LTD | 0.390fall | 0.410 | 0.430 |
IPE | IPE LTD | 0.115fall | 0.120 | 0.125 |
DXF | DING SHENG XIN LTD | 0.170fall | 0.175 | 0.280 |
IS3 | I SYNERGY GROUP LTD | 0.190fall | 0.195 | 0.195 |
MNC | METMINCO LIMITED | 0.069fall | 0.070 | 0.081 |
Updated: April 10, 2017 - 4:10PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Visioneering Technologies, Inc. | CTI | 27/03/2017 | 0.42 |
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 |
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 |
URB Investments Limited | URB | 07/04/2017 | 1.10 |
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