Markets Live: Banks fight back
The big banks have trimmed early sharp losses on fears the new tax will hit them hard, helping to push the overall market into the black.
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Movers
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AGL AGL ENERGY LIMITED.
- Percentage up/down
- 1.06% rise
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ALL ARISTOCRAT LEISURE LIMITED
- Percentage up/down
- 1.99% rise
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AMC AMCOR LIMITED
- Percentage up/down
- 0.13% rise
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AMP AMP LIMITED
- Percentage up/down
- 1.12% rise
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ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
- Percentage up/down
- 0.79% rise
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APA APA GROUP
- Percentage up/down
- -0.21% fall
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ASX ASX LIMITED
- Percentage up/down
- 1.00% rise
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AZJ AURIZON HOLDINGS LIMITED
- Percentage up/down
- 1.85% rise
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BHP BHP BILLITON LIMITED
- Percentage up/down
- 1.51% rise
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BXB BRAMBLES LIMITED
- Percentage up/down
- 1.63% rise
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CBA COMMONWEALTH BANK OF AUSTRALIA.
- Percentage up/down
- -0.35% fall
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CPU COMPUTERSHARE LIMITED.
- Percentage up/down
- 0.79% rise
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CSL CSL LIMITED
- Percentage up/down
- 0.35% rise
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CTX CALTEX AUSTRALIA LIMITED
- Percentage up/down
- 1.80% rise
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DXS DEXUS
- Percentage up/down
- 0.29% rise
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FMG FORTESCUE METALS GROUP LTD
- Percentage up/down
- 5.12% rise
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GMG GOODMAN GROUP
- Percentage up/down
- 0.49% rise
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GPT GPT GROUP
- Percentage up/down
- 0.75% rise
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IAG INSURANCE AUSTRALIA GROUP LIMITED
- Percentage up/down
- 2.04% rise
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IPL INCITEC PIVOT LIMITED
- Percentage up/down
- -2.90% fall
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JHX JAMES HARDIE INDUSTRIES PLC
- Percentage up/down
- 0.00% steady
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LLC LENDLEASE GROUP
- Percentage up/down
- 1.95% rise
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MGR MIRVAC GROUP
- Percentage up/down
- 0.00% steady
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MPL MEDIBANK PRIVATE LIMITED
- Percentage up/down
- 1.34% rise
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MQG MACQUARIE GROUP LIMITED
- Percentage up/down
- -0.56% fall
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NAB NATIONAL AUSTRALIA BANK LIMITED
- Percentage up/down
- -0.68% fall
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NCM NEWCREST MINING LIMITED
- Percentage up/down
- 1.88% rise
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ORG ORIGIN ENERGY LIMITED
- Percentage up/down
- 0.90% rise
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ORI ORICA LIMITED
- Percentage up/down
- 0.97% rise
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OSH OIL SEARCH LIMITED
- Percentage up/down
- 0.14% rise
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QAN QANTAS AIRWAYS LIMITED
- Percentage up/down
- 0.85% rise
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QBE QBE INSURANCE GROUP LIMITED
- Percentage up/down
- 3.62% rise
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RHC RAMSAY HEALTH CARE LIMITED
- Percentage up/down
- 1.20% rise
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RIO RIO TINTO LIMITED
- Percentage up/down
- 2.06% rise
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S32 SOUTH32 LIMITED
- Percentage up/down
- -2.56% fall
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SCG SCENTRE GROUP
- Percentage up/down
- 1.42% rise
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SGP STOCKLAND
- Percentage up/down
- 0.42% rise
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SHL SONIC HEALTHCARE LIMITED
- Percentage up/down
- 1.26% rise
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STO SANTOS LIMITED
- Percentage up/down
- 0.00% steady
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SUN SUNCORP GROUP LIMITED
- Percentage up/down
- 2.75% rise
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SYD SYDNEY AIRPORT
- Percentage up/down
- -0.14% fall
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TCL TRANSURBAN GROUP
- Percentage up/down
- -0.64% fall
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TLS TELSTRA CORPORATION LIMITED.
- Percentage up/down
- 0.22% rise
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TWE TREASURY WINE ESTATES LIMITED
- Percentage up/down
- -0.08% fall
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VCX VICINITY CENTRES
- Percentage up/down
- 0.71% rise
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WBC WESTPAC BANKING CORPORATION
- Percentage up/down
- -0.70% fall
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WES WESFARMERS LIMITED
- Percentage up/down
- 1.12% rise
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WFD WESTFIELD CORPORATION
- Percentage up/down
- 0.34% rise
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WOW WOOLWORTHS LIMITED
- Percentage up/down
- 0.68% rise
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WPL WOODSIDE PETROLEUM LIMITED
- Percentage up/down
- 0.71% rise
'Aussie has little to recommend it to investors'
The Australian dollar may soon fall below US73¢, caught in a downdraft of weakening commodity prices and US rate hike bets.
Big banks will be forced to cut dividends
The political pressure on the banking pressure means Australia's big four banks may have no choice but to pass on the impact of an 0.06 per cent tax on liabilities to investors.
Housing market 'may have peaked' call sends CSR shares diving
Concerns that the home building boom may have peaked saw shares in CSR sink on Wednesday.
How to trade the 2017 budget
Banks are one of the biggest losers of the federal budget, but most of the damage to their shares is already done. Other winners and losers.
Bitcoin surges to record high
Bitcoin hit a record high overnight on the creation of new tokens to raise funding for start-ups using blockchain technology.
8@eight: North Korea knocks markets as Budget impact felt
The local sharemarket is set to drift lower at the open, following global markets down as investor caution returned.
Bank of England seen preaching caution
The Bank of England is likely to lift its inflation outlook, yet downplay expectations for a rate increase anytime soon.
Market Indices
Updated: May 10, 2017 - 4:17PM
Market Activity
-
Advances
- Price
- 277.00
- Percentage up/down
- 56.76% rise
-
Declines
- Price
- 135.00
- Percentage up/down
- 27.66% fall
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Unchanged
- Price
- 76.00
- Percentage up/down
- 15.57% steady
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Traders await key US crop report
For the first time in 29 years, global harvests of corn, soybeans and wheat are poised to fall simultaneously.
S&P; 500 touches record high, then eases
The S&P; 500 fell after edging up to an intra-day record high for the second straight session. Apple tops $US800 billion mark.
Oil falls on OPEC v US shale battle
Oil prices fell, rattled by concern over slowing demand, a rising US dollar and increasing US crude output.
Commodity investors needn't fear Fed
Raw materials perform best when the US central bank is hiking rates, according to Goldman Sachs.
Currencies
Australian dollar taken to the cleaners
The Australian dollar plunged overnight, caught by a hawkish Fed and sudden sharp selling in copper and iron ore.
| Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
|---|---|---|---|---|
| AUD/USD | 0.7366 | 0.7362 | 0.0018rise | 0.25% rise |
| AUD/EUR | 0.6765 | 0.676 | 0.0008rise | 0.12% rise |
| Updated: May 10, 2017 - 4:29PM | ||||
Market Details
Volatility S&P;/ASX 200 VIX
- Price
- 11.82
- Change in
- -0.4900fall
- Percentage up/down
- (-3.98%) fall
| Sector | Turnover ($AU) | Volume | Trades |
|---|---|---|---|
| Market total | 6,674,220,869 | 1,966,164,754 | 1,388,128 |
| Industrial | 5,549,954,094 | 912,829,650 | 1,171,606 |
| Mining | 1,088,143,057 | 1,052,851,935 | 212,128 |
ASX - 52 Weeks Highs
| Code | Name | New Highs | Last Week | Last Month |
|---|---|---|---|---|
| BOC | BOUGAINVILLE COPPER | 0.315rise | 0.240 | 0.200 |
| BUX | BUXTON RESOURCES LTD | 0.295rise | 0.255 | 0.250 |
| UUL | ULTIMA UTD LTD | 0.050rise | 0.044 | 0.044 |
| KIN | KIN MIN NL | 0.450rise | 0.400 | 0.405 |
| ACK | AUSTOCK GROUP LTD | 0.750rise | 0.680 | 0.610 |
| ITD | ITL LIMITED | 0.660rise | 0.605 | 0.620 |
| AFR | AFRICAN ENERGY RES | 0.070rise | 0.065 | 0.053 |
| A2M | THE A2 MILK COMPANY | 3.480rise | 3.250 | 3.295 |
| WEB | WEBJET LIMITED | 12.650rise | 11.865 | 11.680 |
| QAN | QANTAS AIRWAYS | 4.850rise | 4.550 | 4.245 |
| Updated: May 10, 2017 - 4:20PM | ||||
ASX - 52 Weeks Lows
| Code | Name | New Lows | Last Week | Last Month |
|---|---|---|---|---|
| QIN | QUINTIS LTD | 0.585fall | 1.040 | 1.045 |
| IDZ | INDOOR SKYDIVE AUST | 0.190fall | 0.300 | 0.300 |
| HMO | HEARMEOUT LTD | 0.090fall | 0.125 | 0.130 |
| SGU | SUCCESS GLOBAL MEDIA | 0.034fall | 0.045 | 0.045 |
| TB8 | TIANMEI BG CORP LTD | 0.080fall | 0.100 | 0.095 |
| CVT | COVATA LTD | 0.028fall | 0.035 | 0.035 |
| DTS | DRAGONTAIL SYSTEMS | 0.190fall | 0.230 | 0.215 |
| WCN | WHITE CLIFF MIN LTD | 0.005fall | 0.006 | 0.006 |
| HRR | HERON RESOURCES | 0.078fall | 0.091 | 0.090 |
| SMN | STRUCTURAL MONITOR. | 0.950fall | 1.105 | 1.190 |
| Updated: May 10, 2017 - 4:21PM | ||||
Floats & IPOs
| 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 |
| 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 |
| Takor Group Ltd | TKO | 15/05/2017 | 0.20 |