Markets Live: Confidence test as banks drop
Renewed selling in the major banks led a broad and savage sell-off on the ASX, as investors mulled uninspiring wage growth data and climbing US political risks.
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Movers
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AGL AGL ENERGY LIMITED.
- Percentage up/down
- -0.15% fall
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ALL ARISTOCRAT LEISURE LIMITED
- Percentage up/down
- -1.19% fall
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AMC AMCOR LIMITED
- Percentage up/down
- -0.59% fall
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AMP AMP LIMITED
- Percentage up/down
- -0.77% fall
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ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
- Percentage up/down
- -1.29% fall
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APA APA GROUP
- Percentage up/down
- -0.85% fall
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ASX ASX LIMITED
- Percentage up/down
- -1.35% fall
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AZJ AURIZON HOLDINGS LIMITED
- Percentage up/down
- -1.98% fall
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BHP BHP BILLITON LIMITED
- Percentage up/down
- 0.21% rise
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BXB BRAMBLES LIMITED
- Percentage up/down
- -0.76% fall
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CBA COMMONWEALTH BANK OF AUSTRALIA.
- Percentage up/down
- -1.98% fall
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CPU COMPUTERSHARE LIMITED.
- Percentage up/down
- -2.33% fall
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CSL CSL LIMITED
- Percentage up/down
- -1.23% fall
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CTX CALTEX AUSTRALIA LIMITED
- Percentage up/down
- -0.46% fall
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DXS DEXUS
- Percentage up/down
- -0.10% fall
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FMG FORTESCUE METALS GROUP LTD
- Percentage up/down
- 4.15% rise
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GMG GOODMAN GROUP
- Percentage up/down
- -0.48% fall
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GPT GPT GROUP
- Percentage up/down
- -1.90% fall
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IAG INSURANCE AUSTRALIA GROUP LIMITED
- Percentage up/down
- -1.10% fall
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IPL INCITEC PIVOT LIMITED
- Percentage up/down
- -0.27% fall
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JHX JAMES HARDIE INDUSTRIES PLC
- Percentage up/down
- -1.33% fall
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LLC LENDLEASE GROUP
- Percentage up/down
- -0.42% fall
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MGR MIRVAC GROUP
- Percentage up/down
- -0.87% fall
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MPL MEDIBANK PRIVATE LIMITED
- Percentage up/down
- -3.77% fall
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MQG MACQUARIE GROUP LIMITED
- Percentage up/down
- -1.26% fall
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NAB NATIONAL AUSTRALIA BANK LIMITED
- Percentage up/down
- -2.13% fall
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NCM NEWCREST MINING LIMITED
- Percentage up/down
- 4.55% rise
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ORG ORIGIN ENERGY LIMITED
- Percentage up/down
- -1.40% fall
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ORI ORICA LIMITED
- Percentage up/down
- -0.38% fall
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OSH OIL SEARCH LIMITED
- Percentage up/down
- -0.27% fall
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QAN QANTAS AIRWAYS LIMITED
- Percentage up/down
- -1.02% fall
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QBE QBE INSURANCE GROUP LIMITED
- Percentage up/down
- -0.75% fall
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RHC RAMSAY HEALTH CARE LIMITED
- Percentage up/down
- -1.51% fall
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RIO RIO TINTO LIMITED
- Percentage up/down
- 2.22% rise
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S32 SOUTH32 LIMITED
- Percentage up/down
- -1.84% fall
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SCG SCENTRE GROUP
- Percentage up/down
- -2.11% fall
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SGP STOCKLAND
- Percentage up/down
- -1.48% fall
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SHL SONIC HEALTHCARE LIMITED
- Percentage up/down
- -1.46% fall
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STO SANTOS LIMITED
- Percentage up/down
- -2.49% fall
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SUN SUNCORP GROUP LIMITED
- Percentage up/down
- -0.69% fall
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SYD SYDNEY AIRPORT
- Percentage up/down
- -1.36% fall
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TCL TRANSURBAN GROUP
- Percentage up/down
- -1.24% fall
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TLS TELSTRA CORPORATION LIMITED.
- Percentage up/down
- -0.45% fall
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TWE TREASURY WINE ESTATES LIMITED
- Percentage up/down
- -1.80% fall
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VCX VICINITY CENTRES
- Percentage up/down
- -1.08% fall
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WBC WESTPAC BANKING CORPORATION
- Percentage up/down
- -2.34% fall
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WES WESFARMERS LIMITED
- Percentage up/down
- -1.30% fall
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WFD WESTFIELD CORPORATION
- Percentage up/down
- -1.41% fall
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WOW WOOLWORTHS LIMITED
- Percentage up/down
- -2.02% fall
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WPL WOODSIDE PETROLEUM LIMITED
- Percentage up/down
- -0.22% fall
ASX savaged as investors flunk confidence test
Major banks led a savage sell-off on the ASX, as investors fretted over record low wage growth and the growing threat of US political risks.
Hedge fund boss took home $5.9m last year. Every day.
Good performance, mediocre results or even downright ugly returns. When it comes to hedge funds, it scarcely matters. The 25 best-paid hedge fund managers earned a collective $14.8 billion last year.
Passive distortions 'dangerous' in time
Active fund managers are warning that the rise of passive investment will make sharemarkets less efficient at rewarding good companies but this is not expected to happen for a while.
Wesfarmers shelves Officeworks IPO
Wesfarmers has shelved plans to spin off its stationery and office supplies chain Officeworks into a separately listed company.
Paulson, Druckenmiller bullish on gold
Gold and the companies that produce it were back in favour with some of the world's top fund managers last quarter.
8@eight: Aussie dollar in focus
It's been a big night for the USD, but the focus sharply turns to the AUD, with consumer confidence and wage data out this morning while the ASX is due for a flat open.
Euro nears 8-month high v $A
The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.
Market Indices
Updated: May 17, 2017 - 4:37PM
Market Activity
-
Advances
- Price
- 139.00
- Percentage up/down
- 29.02% rise
-
Declines
- Price
- 283.00
- Percentage up/down
- 59.08% fall
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Unchanged
- Price
- 57.00
- Percentage up/down
- 11.90% steady
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France draws €31b for new bond
France received more than €31 billion of orders for a new 30-year bond overnight, highlighting the Macron effect.
US factory output surges in April
US manufacturing output recorded its biggest increase in more than three years in April, bolstering bullish economic bets.
Free market trumps OPEC policy
OPEC's policy manipulation is no match for sheer market forces, say analysts, as US shale producers continue to ramp up production.
Banks help ASX claw higher
A turnaround in appetite for banking stocks helped the ASX claw into the black on Tuesday, after a midday lull.
Currencies
Euro nears 8-month high v $A
The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.
| Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
|---|---|---|---|---|
| AUD/USD | 0.742 | 0.7417 | -0.0009fall | -0.12% fall |
| AUD/EUR | 0.6682 | 0.6677 | -0.0023fall | -0.34% fall |
| Updated: May 17, 2017 - 5:10PM | ||||
Market Details
Volatility S&P;/ASX 200 VIX
- Price
- 12.48
- Change in
- 0.5380rise
- Percentage up/down
- (4.50%) rise
| Sector | Turnover ($AU) | Volume | Trades |
|---|---|---|---|
| Market total | 5,087,271,054 | 1,760,486,126 | 1,180,350 |
| Industrial | 4,071,784,470 | 763,563,033 | 980,275 |
| Mining | 982,433,599 | 996,575,590 | 193,905 |
ASX - 52 Weeks Highs
| Code | Name | New Highs | Last Week | Last Month |
|---|---|---|---|---|
| AGY | ARGOSY MINERALS LTD | 0.105rise | 0.082 | 0.090 |
| CL8 | COLLABORATE CORP | 0.043rise | 0.034 | 0.035 |
| PAR | PARADIGM BIO. | 0.670rise | 0.550 | 0.610 |
| AYH | AMYF TWO LTD | 1.400rise | 1.168 | 1.168 |
| GMV | G MEDICAL | 0.190rise | 0.170 | 0.000 |
| CDA | CODAN LIMITED | 2.490rise | 2.250 | 2.270 |
| BBL | BRISBANE BRONCOS | 0.495rise | 0.460 | 0.480 |
| BIG | BIG UN LTD | 0.790rise | 0.740 | 0.660 |
| ISO | ISHARES SMALL ORDS | 4.600rise | 4.420 | 4.400 |
| ELD | ELDERS LIMITED | 4.680rise | 4.500 | 4.550 |
| Updated: May 17, 2017 - 4:15PM | ||||
ASX - 52 Weeks Lows
| Code | Name | New Lows | Last Week | Last Month |
|---|---|---|---|---|
| BD1 | BARD1 LIFE SCIENCES | 0.012fall | 0.027 | 0.029 |
| VTG | VITA GROUP LTD | 0.790fall | 1.450 | 2.150 |
| SUM | SUMATRA COPPER&GOLD; | 0.010fall | 0.015 | 0.019 |
| RFN | REFFIND LIMITED | 0.010fall | 0.014 | 0.020 |
| ACP | AUDALIA RES LTD | 0.020fall | 0.027 | 0.027 |
| ORL | OROTONGROUP LIMITED | 1.000fall | 1.325 | 1.400 |
| YHL | YANGHAO INT LTD | 0.025fall | 0.030 | 0.160 |
| IP1 | INT PAYMENT TECH LTD | 0.135fall | 0.160 | 0.160 |
| IPD | IMPEDIMED LIMITED | 0.535fall | 0.625 | 0.705 |
| AUC | AUSGOLD LIMITED | 0.024fall | 0.028 | 0.025 |
| Updated: May 17, 2017 - 5:08PM | ||||
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 |
| 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 |