Markets Live: Banks prop up sagging ASX
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Gathering enthusiasm for bank stocks helped the ASX overcome the Monday morning wobbles, as Quintis and Oroton shares enter a trading halt.
Gathering enthusiasm for bank stocks helped the ASX overcome the Monday morning wobbles, as Quintis and Oroton shares enter a trading halt.
Shares are set to be virtually unchanged at the open, as the ASX continues to move sideways.
Oil jumped more than 2 per cent after Saudi Arabia and Russia said that supply cuts need to last into 2018.
Investors bought up shares in the major banks after last week's dramatic post-budget selloff, but a mixed overseas picture meant the ASX had little direction on Monday.
If China's trade initiative delivers on its promises, new trade relationships and investment relationships will emerge that Australian companies can take advantage of, one expert says.
Oroton has entered a trading halt as it prepares to reveal that sales have continued to deteriorate.
Local shares are set for a fairly flat open after a mixed day on Wall Street on Friday.
For Geoff Wilson, the veteran fund manager and chairman of Wilson's Asset Management, everything comes in cycles.
Canada's Teck Resources , Lundin Mining and HudBay Minerals are among a number of suitors that have submitted bids for BHP Billiton's Cerro Colorado copper mine in Chile, people familiar with the matter said.
Having added more than $US500 billion to their share prices this year, the five companies' combined market value would rank as the world's fifth-largest economy. And they keep growing.
The music streaming service will be the first major company to carry out a direct listing on the New York Stock Exchange, cutting out banks and brokers in a move that could change the way companies sell shares.
Tepid data on retail sales and inflation in the US rekindled concern that growth won't accelerate to forecast levels.
​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 | 0.7418 | 0.7413 | 0.0001rise | 0.01% rise |
AUD/EUR | 0.6758 | 0.6753 | 0.0001rise | 0.01% rise |
Updated: May 16, 2017 - 7:59AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,633,635,986 | 1,566,223,405 | 1,037,535 |
Industrial | 3,800,991,192 | 709,107,611 | 878,568 |
Mining | 820,764,245 | 856,841,257 | 155,206 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
ENT | ENTERPRISE METALS | 0.045rise | 0.023 | 0.022 |
SIE | SCIGEN LIMITED | 0.070rise | 0.055 | 0.055 |
CLL | COLLERINA COBALT | 0.027rise | 0.025 | 0.021 |
AUF | ASIAN MASTERS FUND | 1.450rise | 1.350 | 1.330 |
OXX | OCTANEX LTD | 0.075rise | 0.070 | 0.060 |
AUB | AUB GROUP LTD | 13.470rise | 12.690 | 12.500 |
BHD | BENJAMIN HORNGLD LTD | 1.120rise | 1.070 | 0.000 |
PAC | PACIFIC GRP LTD | 6.120rise | 5.850 | 5.190 |
HML | HENRY MORGAN LIMITED | 2.150rise | 2.080 | 1.970 |
JIN | JUMBO INTERACTIVE | 2.910rise | 2.820 | 2.470 |
Updated: May 15, 2017 - 4:15PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
MEM | MEMPHASYS LTD | 0.001fall | 0.002 | 0.002 |
BD1 | BARD1 LIFE SCIENCES | 0.017fall | 0.027 | 0.029 |
FFT | FUTURE FIBRE TECH. | 0.085fall | 0.120 | 0.140 |
SIT | SITE GROUP INT LTD | 0.060fall | 0.080 | 0.086 |
SER | STRATEGIC ENERGY | 0.009fall | 0.011 | 0.011 |
FUN | FUNTASTIC LIMITED | 0.005fall | 0.006 | 0.005 |
ZYB | ZYBER HOLDINGS LTD | 0.005fall | 0.006 | 0.006 |
VRX | VENTNOR RES LTD | 0.012fall | 0.014 | 0.013 |
ASP | ASPERMONT LIMITED. | 0.006fall | 0.007 | 0.006 |
BIQ | BUILDINGIQ, INC | 0.050fall | 0.058 | 0.060 |
Updated: May 15, 2017 - 4:14PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Alderan Resources Limited | AL8 | 29/05/2017 | 0.20 |
Biomics Biopharma Limited | BBM, | 02/06/2017 | 0.20 |
Bryah Resources Limited | BYH | 31/05/2017 | 0.20 |
Contango Global Growth Limited | CQG | 23/06/2017 | 1.10 |
Eagle Health Holdings Limited | EHH | 29/06/2017 | 0.40 |
Elsight Limited | ELS | 19/05/2017 | 0.20 |
Golden Mile Resources Ltd | G88 | 29/05/2017 | 0.20 |
Manuka Resources Ltd | MKR | 17/05/2017 | 0.20 |
Macarthur Australia Limited | MMM | 17/05/2017 | 0.20 |
Takor Group Ltd | TKO | 15/05/2017 | 0.20 |
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