Markets Live: ASX enjoys budget boost
![</p>](/web/20170510221930im_/http://www.smh.com.au/content/dam/images/g/g/v/2/k/r/image.related.landscape.120x80.gw14ip.png/1494399419382.jpg)
A broad ASX rally overcame more losses in the big banks, as investors reacted positively to last night's pro-growth Federal budget.
A broad ASX rally overcame more losses in the big banks, as investors reacted positively to last night's pro-growth Federal budget.
Oil had its best day this year after US crude stockpiles tumbled, easing concerns about the shale revival.
The ASX is set to open higher on the back of a solid Wall Street lead.
Snap Inc.'s Snapchat app added fewer users than projected in the first quarter, a sign that the young company may have trouble expanding its audience as social-media giant Facebook copies its most popular features. The stock tumbled 21 per cent.
New Zealand's central bank held its key rate at 1.75 per cent on Thursday, reiterating no change is expected anytime soon.
Greek stocks advanced, outperforming broadly flat European markets as Athens looked set to clinch vital bailout loans.
China is serious about cutting millions of tonnes of excess steel capacity but that will not mean lower production.
​Sterling hit a three-week high versus the euro and hovered just below $US1.30 as investors reined in more of their negative bets.
US soybean ending stocks were seen rising to an 11-year high in the 2017/18 crop year following another bumper harvest.
Testifying in court, former colleagues said the bank retroactively condemned information sharing that before the foreign-exchange scandal had been encouraged and rewarded.
The Australian dollar may soon fall below US73¢, caught in a downdraft of weakening commodity prices and US rate hike bets.
A broad ASX rally overwhelmed losses in the big banks, as investors reacted positively to Tuesday night's pro-growth federal budget.
​Sterling hit a three-week high versus the euro and hovered just below $US1.30 as investors reined in more of their negative bets.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.736 | 0.7355 | -0.0008fall | -0.11% fall |
AUD/EUR | 0.6773 | 0.6766 | -0.0008fall | -0.12% fall |
Updated: May 11, 2017 - 8:09AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 6,676,263,654 | 1,966,901,499 | 1,388,017 |
Industrial | 5,550,134,879 | 912,866,395 | 1,171,503 |
Mining | 1,090,005,057 | 1,053,551,935 | 212,120 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
BOC | BOUGAINVILLE COPPER | 0.315rise | 0.240 | 0.200 |
CLL | COLLERINA COBALT | 0.025rise | 0.020 | 0.021 |
BUX | BUXTON RESOURCES LTD | 0.295rise | 0.255 | 0.250 |
PRT | PRIME MEDIA GRP LTD | 0.355rise | 0.310 | 0.315 |
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 |
PYC | PHYLOGICA LIMITED | 0.050rise | 0.046 | 0.046 |
CDD | CARDNO LIMITED | 1.495rise | 1.380 | 1.440 |
Updated: May 10, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
QIN | QUINTIS LTD | 0.585fall | 1.040 | 1.045 |
MGZ | MEDIGARD LIMITED | 0.020fall | 0.032 | 0.030 |
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 |
MTH | MITHRIL RESOURCES | 0.004fall | 0.005 | 0.005 |
CVT | COVATA LTD | 0.028fall | 0.035 | 0.035 |
DTS | DRAGONTAIL SYSTEMS | 0.190fall | 0.230 | 0.215 |
MTB | MOUNT BURGESS MINING | 0.005fall | 0.006 | 0.006 |
Updated: May 10, 2017 - 6:50PM |
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 |
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.