Markets Live: Vive la bounce!
Shares rebound off their recent losses led by commodity plays and the banks as Westpac reports half-year profit figures, while media stocks surge on talk of deregulation.
Shares rebound off their recent losses led by commodity plays and the banks as Westpac reports half-year profit figures, while media stocks surge on talk of deregulation.
A former Nomura Holdings bond trader said he was trained to lie to customers shortly after coming to the company.
Before West Texas Intermediate crude nosedived on Thursday, money managers slashed bets on rising prices by 20 per cent.
The euro fell from six-month highs against the US dollar overnight after Emmanuel Macron's French election victory.
​Copper slid to a four-month low overnight after data showed a drop in imports into China, the world's biggest consumer.
Iron ore's attempt at a rebound lasted just a few short hours as investor concern over robust supplies returned.
Shares rebounded off last week's losses led by commodity plays, as the oil market steadied and investors pushed back into banks.
While European stocks have already risen strongly in recent weeks, most believe further the region still provides an opportunity for significant gains following the French election.
Media stocks have rocketed higher on Monday as investors digest the possibility of a change in media laws and private equity makes an offer for Fairfax Media.
The euro rose and shares are expected to rally on relief that centrist Emmanuel Macron won France's presidential election.
A likely improvement in the budget outlook should keep the rating agencies at bay, despite more spending for infrastructure.
The local sharemarket is set to drift lower at the open, following global markets down as investor caution returned.
The Australian dollar plunged overnight, caught by a hawkish Fed and sudden sharp selling in copper and iron ore.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7387 | 0.7382 | -0.0036fall | -0.49% fall |
AUD/EUR | 0.6763 | 0.6755 | 0.0026rise | 0.39% rise |
Updated: May 9, 2017 - 6:50AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 6,036,803,339 | 2,239,272,280 | 118,201 |
Industrial | 4,836,467,236 | 907,465,478 | 92,571 |
Mining | 1,166,815,119 | 1,331,454,938 | 25,323 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
FSG | FIELD SOLU HLDGS LTD | 0.040rise | 0.002 | 0.002 |
CLL | COLLERINA COBALT | 0.024rise | 0.020 | 0.021 |
ACK | AUSTOCK GROUP LTD | 0.720rise | 0.680 | 0.610 |
GRA | GRAPHITECO | 0.850rise | 0.810 | 0.800 |
QAN | QANTAS AIRWAYS | 4.690rise | 4.550 | 4.245 |
AIZ | AIR NEW ZEALAND | 2.580rise | 2.505 | 2.370 |
MSP | MAXSEC GROUP LTD | 0.035rise | 0.034 | 0.033 |
RIC | RIDLEY CORPORATION | 1.495rise | 1.455 | 1.455 |
HML | HENRY MORGAN LIMITED | 2.030rise | 1.985 | 1.970 |
NEC | NINE ENTERTAINMENT | 1.405rise | 1.375 | 1.297 |
Updated: May 8, 2017 - 4:20PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
SYS | SYNGAS LIMITED | 0.001fall | 0.002 | 0.002 |
FE8 | FASTER ENTERPRISES | 0.110fall | 0.195 | 0.195 |
JJF | JIAJIAFU MOD AGR LTD | 0.160fall | 0.250 | 0.250 |
AOA | AUSMON RESORCES | 0.004fall | 0.006 | 0.007 |
FFG | FATFISH INTERNET GRP | 0.025fall | 0.035 | 0.028 |
ZEU | ZEUS RESOURCES LTD | 0.013fall | 0.017 | 0.017 |
SGU | SUCCESS GLOBAL MEDIA | 0.036fall | 0.045 | 0.045 |
MTH | MITHRIL RESOURCES | 0.004fall | 0.005 | 0.005 |
LRS | LATIN RESOURCES LTD | 0.005fall | 0.006 | 0.007 |
ROG | RED SKY ENERGY. | 0.005fall | 0.006 | 0.005 |
Updated: May 8, 2017 - 4:20PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Alderan Resources Limited | AL8 | 29/05/2017 | 0.20 |
Biomics Biopharma Limited | BBM, | 02/06/2017 | 0.20 |
Benjamin Hornigold Limited | BHD | 10/05/2017 | 1.00 |
Bingo Industries Limited | BIN | 03/05/2017 | 1.80 |
Eagle Health Holdings Limited | EHH | 29/06/2017 | 0.40 |
Elsight Limited | ELS | 19/05/2017 | 0.20 |
Manuka Resources Ltd | MKR | 17/05/2017 | 0.20 |
MSL Solutions Limited | MPW | 04/05/2017 | 0.25 |
Oceania Healthcare Limited | OCA | 05/05/2017 | 0.79 |
Takor Group Ltd | TKO | 15/05/2017 | 0.20 |
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